Prop NS
LRA has properties primed and positioned for rehabbers looking for a home to fix up. The Prop NS Program, established in 2017 by the voter-approved Proposition Neighborhood Stabilization (Prop NS), utilizes bond funding to stabilize, secure and sell vacant LRA-owned residential buildings of no more than six (6) units.
Upon completion of stabilization, competitive bids are accepted within 21-day bid windows.
12 New & 43 Re-Listed Prop NS Buildings Available for Offers through November 18
The Prop NS Program currently has 12 new and 43 previously listed Prop NS-stabilized LRA buildings posted for offers to purchase until noon on Monday, November 18. See attached for a sheet that shows all 12 of the “featured” buildings that are listed for the first time.
-
This image is a promotional flyer showing 12 newly stabilized buildings available for purchase in St. Louis, Missouri, under Prop NS. The flyer is divided into three rows and multiple columns, each displaying an image of a building, its address, and neighborhood. The headline reads "12 New Prop NS Stabilized Buildings Available" in a blue banner across the top, with a note that bids are being accepted until "Monday, Nov 18 (noon)."
Top row:
4032 St Louis Ave (The Greater Ville)
4257 Labadie Ave (The Greater Ville)
4265 Labadie Ave (The Greater Ville)
1334 Walton Ave (Lewis Place)
4631 Page Blvd (Lewis Place)
4670 Page Blvd (Lewis Place)
Middle note:
"PLEASE NOTE: Even with the Prop NS stabilization work, these buildings still require significant investment to reach occupancy standards. Offerors will need to show that they have the resources & capacity to complete rehab to City of St. Louis occupancy standards within 24 months."
Second row:
4605 Pope Ave (Penrose)
4156 St Louis Ave (The Ville)
4158 St Louis Ave (The Ville)
4734 Beacon Ave (Walnut Park East)
5008 Robin Ave (Walnut Park East)
5942 Plymouth Av (West End)
Bottom section:
"View 43 additional available properties" A note directs potential buyers to a website for 43 additional available properties "stlouis-mo.gov/Prop-NS." It also provides a contact email (prop-ns@stlouis-mo.gov) and phone number (314-657-3763) for questions. The SLDC (St. Louis Development Corporation) logo is shown in the bottom left corner. The LRA (Land Reutilization Authority) logo is shown in the bottom right corner.
The full list of available buildings, along with information sheets for each of the properties, including the required Prop NS offer form, which bidders will need to complete and submit with their offers, can be found by clicking the button below.
A limited number of buildings will be opened up for prospective bidders to view the interiors on dates still to be determined (most likely between November 12 – 14). Since only buildings with requests to view will be opened up, please contact the Prop NS staff at
prop-ns@stlouis-mo.gov by Thursday, November 7 to let us know which building or buildings you would like to see.
