Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1931
Sq.Footage
N/A
Generational mixed-use trophy asset in between WashU and Clayon. Walk to the Ritz, Wash U danforth, Forest Park and tons more. This 22 unit property has been beautifully maintained on its exterior and fully gutted throughout: forced heat/central air, new plumbing piping, windows, roof, electric, kitchens, baths and WASHER DRYER IN UNIT. There are a combination of studios, 1 beds and 2 beds + 4 rented commercial tenants on the ground level. The current NOI is 241,000 and is priced to sell at north of an 6.5% Cap; the building stays 100% leased with mostly students from Wash U. Current rents are about $250 below market with a proforma NOI north of 400,000; Add some personal touches, update kitchens & baths or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class AAA neighborhood with little risk.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street, Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.29
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$3,600,000
-
Tax Amount
$24,112
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Flynn Park Elem.
-
Middle School
Brittany Woods
-
High School
University City Sr. High
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St. Louis-MO
Elementary School
Flynn Park Elem.
Middle School
Brittany Woods
High School
University City Sr. High
Listing Courtesy of Anthony M Klier , The Agency
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FOUNDER
Colleen Brown
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