Attention value-add buyers! - rare opportunity to own one of the last remaining value-add high-rise buildings in the Central West End, situated on prestigious Lindell Boulevard. The Leonardo underwent a gut-rehab in the 1980's so all the building systems are modern - plumbing, electric, elevator, windows, drywall finishes. The value-add is an easy kitchen/bath/flooring/lighting/ laundry remodel. Occupancy hovers near 100% so you'll have stable rental income while unit upgrades are completed. Plus, a new elevator and new roof eliminate 2 of the largest rehab costs from your budget. The Leonardo has 2 ground floor office spaces (leased), 34 apartments (17 one bed and 17 two bed), plus a rooftop cell tower earning $1,342/mo. All-electric building with separate furnaces and water heaters keep the owner costs down. Midway between Forest Park & Barnes/Jewish/Childrens hospitals 6 blocks west and St. Louis University to the east. Upper floors have unobstructed, breathtaking views.
Courtesy of RE/MAX Results
Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Samuel Hall shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2022 All rights reserved.