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3800 Shenandoah Off the Park complete

3800 Shenandoah Off the Park complete

Construction at the long-vacant apartment complex at 3800 Shenandoah in the Shaw Neighborhood of St. Louis is now complete. Developer T & E Development, LLC utilized Federal and Missouri State historic tax credits on the rehab of this apartment complex at wrapped up primary construction in August 2011.  Originally 24-units, the building was converted to 18-units in the finished project due to the smaller size of some of the apartments.

The final layout features twelve 1 bed, 1 bath units ($675 to $725) and six large 2 bed, 1 bath units ($850). Of these, only one 1-bed and four 2-bed units remain vacant. Interior work on the project included a complete demo, all new electric, plumbing, 95% efficiency HVAC systems, kitchens with granite counters and stainless appliances, bathrooms, hardwood floors, tile, intercom system, insulation, trim and drywall. Pretty much everything. Finishes are very similar, with four different 1-bed and a single 2-bed layouts.

On the exterior, the original six garage spaces have been restored and a new 20-car parking lot has been constructed. The building also features a new roof, significant tuckpointing work, repaired original rear balconies, and refurbished original windows. Some landscaping and final touchup work remains on the exterior, but it is now mostly complete.

The property had been gutted for conversion to condos a few years ago, but with the shift in climate for the housing market, the project was put on hiatus. With their acquisition of the property, T & E Development scaled back some of the more elaborate upgrades in the original condo plans, but the apartments were still completely redone from top to bottom.

Last last major building in the southeastern corner of Shaw that had been left to be rehabbed, there is no doubt that this project will have a significant impact for this section of the neighborhood. Hopefully it’s revival will have a lot of spillover affect. Threshold Properties (314-865-0405 or info@stlresociety.com) is handling leasing of the units with only 2-beds for $850 currently available to view.

For a view of the finished product and construction progress, check out the picture gallery below.

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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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4 thoughts on “3800 Shenandoah Off the Park complete”

  • lorence

    July 1, 2010 at 5:23 am

    In the states like illinios the working class people have started to invest in the IRA’s. The IRA’s will be supportive to the investor when he retires.

    Reply
  • 3800 Shenandoah apartments to be rehabbed « Shaw Neighborhood News

    September 25, 2010 at 3:26 pm

    […] out this post from Threshold Investment Properties for more details, including […]

    Reply
  • Justin

    November 9, 2010 at 11:31 am

    I lived across the street from this building until January of this year; it is so nice to see this happening. The block will be so much better with this project completed.

    Reply
    • Matt Kastner

      November 9, 2010 at 11:48 am

      It really is going to be great. They are making good progress too. Both the larger and smaller 1-beds are looking good and the two-beds are going to be huge. Should be an exciting spring.

      Reply

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