5386 Pershing Ave, Saint Louis, MO 63112

5386 Pershing ave, "Central Park" is a fully-renovated 40 UNIT property in Debalivere. Located right between Washington University main campus/ WASH U medical campus, down the street from Barnes Jewish Hospital and just a 6 minute walk to Forest Park. Every unit in the building has been upgraded with IN-UNIT WASHER DRYER, vinyl flooring, granite counters and central air (no central boiler or window unit AC). This property is 100% occupied and brings in $51,227/m. 32 of the units are 2bed/1baths that currently rent for $1296/month and 8 of the units are 1bed/1bath (w an office) that currently rent for $1221/month. Market rent for 2beds according to RentOMeter in this area is $1452/month (ask agent for his 23 rental comps) so there is plenty of room to raise rents (seller self-manages himself). In 2024 the Total Operating Income was $591,779 and the Total Operating Expenses were $182,626/month = which make the NOI for 2024 $409,152. Showings start May 14th, 2025- call to schedule a tour.