Visitation Park-49 Real Estate

Welcome to Visitation Park, a hidden gem nestled in the heart of St. Louis, Missouri. This charming neighborhood in St. Louis City is known for its rich history, welcoming community, and beautiful green spaces, making it an ideal place for families, professionals, and retirees alike.

Visitation Park boasts a unique blend of urban convenience and suburban tranquility. Residents enjoy easy access to the vibrant amenities of downtown St. Louis, including a diverse array of dining, shopping, and entertainment options. Whether you’re looking to savor a meal at a local eatery, catch a show at a nearby theater, or explore the cultural offerings of the city, everything is just a short drive away.

The neighborhood itself is characterized by tree-lined streets and a strong sense of community. Neighbors often gather at Visitation Park, a lovely green space that serves as the heart of the area. Here, families can enjoy picnics, children can play, and friends can gather for weekend barbecues. The park also hosts community events throughout the year, fostering connections and creating lasting memories among residents.

In addition to its community spirit, Visitation Park is conveniently located near major highways and public transportation, making commuting a breeze. The area is also served by well-regarded schools, providing excellent educational opportunities for families.

Discover the charm of Visitation Park, where a vibrant community meets the beauty of nature, all within the dynamic city of St. Louis. Whether you’re looking to settle down or invest, this neighborhood is a perfect place to call home.

Newest Listings in Visitation Park-49

$995,000

26059592 MLS ⋅ ACTIVE Status

The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. Market rent for the 1 bedrooms is $1,285 based on 24 single bedroom apartments within a mile in the last year, 2 bedrooms avg rent is $1,476 based on 21 apartments in the last 18 months. Pro forma income once renovated and stabilized is $647,562 with net income of $420,916. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,800,000 Estimated Completion Cost: $3,000,000 Potential Tax Credits: $1,000,000+. There is potential for more than 32% equity upon completion. Seller financing is available for well-qualified buyers. Seller will consider all reasonable offers

5315 Cabanne Ave, St Louis

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