5315 Cabanne Avenue

The Cabanne Castle, a three-story Tudor-style brick condominium building in the West End, offers 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath, totaling approximately 31,898 sq. ft. This multi-family rehab is ideal for developers or investors. Many plans and permits have already been approved by the city (some will require renewal), and historic tax credits are available. Estimated ARV: $5,800,000 Estimated Completion Cost: $3,000,000 Potential Tax Credits: $1,000,000+. The lower level offers potential for added units, a lounge, or a gym, and an adjacent lot is included for additional parking. Seller financing is available for well-qualified buyers. All reasonable offers without financing will be considered.The Cabanne Castle is a striking Tudor style three-story brick apartment building built in 1925, totaling approximately 31,898 sq. ft. The building has distinct unique turrets and architectural features, and a large courtyard. 42 Units: (24) 1-bed / 1-bath units and (18) 2-bed / 1-bath units. There is a lower level with 24 underground parking spaces, and space for private storage for tenants. The building is located in the West End neighborhood: .4 miles from the Central West End .9 miles from Forest Park 1.5 miles from The Loop 1.6 miles from Barnes Medical Complex and Washington University Medical School 2.5 miles from Washington University 2.9 miles from Clayton, MO Strong rental demand in the area supported by nearby institutions and entertainment hubs. Ideal for developers or investors seeking a large-scale multi-family rehab project with key infrastructure already in place. There is an adjacent lot to the west of the building included in the sale which can be used for additional parking. The building needs to be completed, but many plans and permits are already city-approved (some will need renewal). Some of the completed improvements include: Demolition, a new roof, new windows on rear and sides, tuckpointing, framing, floors have been leveled, etc. Ready for mechanical, electrical, and plumbing installation.