Opportunity to acquire an updated three-family asset in The Grove, one of St. Louis’ most desirable central corridor neighborhoods. Located near Forest Park, the Missouri Botanical Garden, Cortex, Barnes-Jewish Hospital, and the shops, restaurants, and nightlife along Manchester Avenue, 1133 Talmage offers strong rental appeal with both owner-occupant and investor… Read More upside. The 4,164 square foot building includes a spacious, converted three-bedroom, two-bath townhome unit with more than 2,000 square feet, plus two large one-bedroom, one-bath units, each offering more than 1,000 square feet. The townhome unit is currently vacant, making it an ideal option for an owner-occupant looking to live in one unit while the existing tenants help offset the mortgage. The two one-bedroom units are occupied by long-term month-to-month tenants at below-market rents of $1,110 and $995 per month, creating a clear opportunity to increase income over time. Nearby rental comparables show similar one-bedroom units averaging approximately $1,625 within a 1.5-mile radius, while comparable three-bedroom units average approximately $2,342 within a 3-mile radius. The building features updated kitchens, some stainless steel appliances, updated bathrooms, fireplaces, central air, hardwood floors, in-unit washers and dryers, a partially fenced backyard, patio space, and balconies for the upper-floor units. With a desirable location, large unit layouts, existing rental income, and a vacant owner-occupant-ready townhome, 1133 Talmage offers a strong combination of stability and upside in The Grove. Read Less
Listing courtesy of Invest St. Louis, 314-325-6201.
Listing Snapshot
Days Online
33
Last Updated
Property Type
2-4 Units
Square Ft.
4,128
Lot Size
0.32 Acres
Year Built
1891
MLS Number
26039282
Additional Details
Property Access
Road Surface Type: Gravel
Appliances & Equipment
Electric Water Heater
Building
Above Grade Finished Area: 4128 Sq.Ft., Above Grade Finished Area Source: Assessor, Architectural Style: Traditional, Construction Materials: Brick, Living Area: 4128 Sq. Ft., Number Of Units Total: 3, Year Built: 1891
Lot Size Acres: 0.317, Lot Size Source: Public Records, Lot Size Square Feet: 13808.52 Sq.Ft.
Parking
Features: Detached
Property
Property Condition: Updated/Remodeled, Property Sub Type: 2-4 Units
Taxes
Annual Tax Amount: 1267, Tax Legal Description: C B 3992 TALMAGE AV 33FT 3 3/4 IN / 124FT 3/8 IN X 150 FT / 176 FT 2 IN MCREE ADDN BLOCK 24 LOT 21 S, Tax Year: 2023
Utilities
Electricity Available: Ameren, Water Source: Public
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