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Conversion of 3460 Oak Hill 12-family underway

This property in the Tower Grove South neighborhood of St. Louis has been an eyesore for quite some time now. Rehab work has started and stopped a few times at the site already. Located at the SE corner of Oak Hill and Potomac, this 8,400 sq ft 12-family property is now in the process of being converted to a 6-family.

Plans originally called for the six units to be condos, but there is no word yet on which way the finished product will be for sale or rental. Regardless, considering the fact the building has been in need of rehab for over ten years, I’m sure the neighbors will be happy will the change.

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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