Longfellow Apartments
Description
Located in St. Louis’ “The Gate” neighborhood, this community is centrally located near a number of attractions and
businesses such as the South Grand Entertainment District, SSM Health Saint Louis University Hospital, SLU Campus and
the Compton Hill Reservoir Park. Additionally, Longfellow Apartments is situated near the new $210 million dollar City
Foundry STL complex which will boast over 400,000 square feet of restaurant, dining, entertainment and office space which
is set to open in Spring 2020. Also, Longfellow Apartments is within proximity to St. Louis’s MLS Stadium. Ideally located
between both major highways, HWY 64/40 & HWY 44 this community is just a short commute for your renter’s to
Downtown, West County or Kirkwood.
Longfellow Apartment Community is an amazing turn key investment opportunity that underwent a complete transformation
and renovation in 2018 and showcases 32 one bedroom/one bathroom apartments. This community is tax abated through
2023 and brings 11% cashoncash return with “real expenses.”
High level summary of renovations 2017/2018:
- All new electric furnaces in 30 units
- All new appliances in all units
- All new windows on all units
- Flooring in all units
- All new toilets and Vanities
- About 70% have new kitchen cabinets (others had been updated in last few years)
- About 30% got granite countertops
- Added new laundry room with water heater and electric panel
- All new concrete walkway and patios and dividing fences
- Added a new 30car parking lot (curb cut, curbs, asphalt, fencing, and sidewalks)
- New security gates and callbox
- New electric service and meters for all 32 units
Address
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Address 3029 Lafayette Avenue
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Country United States
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Province/State Missouri
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City/Town St. Louis
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Postal code/ZIP 63104
Overview
- Property ID 3227
- Price Price on call
- Property Type Multi-Family
- Property status Sold
- Units 32
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Nearby Places
Contact
Mike Zangara
Property Agent