10372 Parkman DR, Lakeshire, MO 63123
10372 Parkman DR, Lakeshire, MO 63123
10372 Parkman DR, Lakeshire, MO 63123
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$535,000
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3,514 SqFt
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10372 Parkman DR Lakeshire, MO 63123

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Camille Luna

Camille Luna

+1(573) 465-0124

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,514 sqft

Price per Sqft $152

Subdivision Lakeshire Park

MLS Listing ID 26063047

Style Traditional

Year Built 1971

Annual Tax Amount $5,735

Lot Size 7,501 Sqft

Acres 0.1722

Property Sub-Type 2-4 Units

Property Description

An opportunity to secure a long-term investment in Lakeshire within the highly sought-after Lindbergh School District, where multifamily properties can be difficult to find! Welcome to 10372 Parkman Drive, a fully occupied four-family offering existing rental income and room for future growth. Each unit features 2 bedrooms and 1 bathroom, with tenant-occupied interiors that show well and offer a clean, inviting feel. Each apartment has its own composite deck area, separated by aluminum railings. The lower level includes two 2-car tuck-under garages with individual entrances and remote openers, laundry hookups, and a dedicated storage unit for each apartment. Since 2019, owner improvements have included the composite decks and aluminum railings, replacement A/C units in Apartment B in June 2023 and Apartment C in June 2021, a replacement evaporator coil in Apartment A, and an upgraded window in Apartment B. Long-term tenants occupy two of the four units, and current rents are below market, creating an opportunity to increase income over time as leases allow. Optional improvements could further enhance rental appeal and help maximize net operating income. The property is currently self-managed, with the owner paying water, sewer, trash, landscaping, and snow removal. Offered at $535,000, the property is positioned within the range of nearby multifamily sales from $530,000 to $580,000, including a $570,000 sale on Parkman Drive. A desirable location, established occupancy, and potential for rental growth make this an appealing addition to a long-term investment portfolio. Please do not disturb tenants. No showings prior to an accepted contract. Offers may be contingent upon viewing all units and the buyer's satisfaction with their condition.

Location

State MO

County St. Louis

Area 316 - Lindbergh

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet

Fireplace N

Appliance Dishwasher, Electric Range, Refrigerator

Exterior

Exterior Feature Balcony

Parking Features true

View Y/N No

Private Pool false

Building

Water Public

Level or Stories Multi/Split

Structure Type Brick,Concrete

Schools

Elementary Schools Dressel Elem.

Middle Schools Robert H. Sperreng Middle

High Schools Lindbergh Sr. High

School District Lindbergh Schools

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Jeanette Bell • EXP Realty, LLC

NEARBY SCHOOL & BUSINESS

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Camille Luna

Camille Luna

Agent License ID: 2011039359

+1(573) 465-0124

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10372 Parkman DR