3805 and 3821 Itaska are being offered as a package (only)

For a total of 24 units, with a Cap Rate at 9.5 based on ACTUAL rents. Convenient South City location with mature landscaping and sitting right across the street frm St. Mary's Baseball field gives and extra park-like feel to the area. Both buildings have new TPO Roofs in 2022 with 20 year warranties and have had some sewer repairs in r ecent years. Potential to raise rents at lease ends/turnover and reach over 12% Cap rate. Ready for you to take over and start receiving income. We have a lender who's reviewed the offering and ready to lend, potentially at a 6.5% interest rate if you'd like the connection!

Please obtain attachments and financials available for review before making any offer. Seller is not interested in any form of seller financing.

Request Information
on 3821 Itaska St
in Saint Louis, MO
Presented by Lynne Hart at
Real Broker LLC.


Property MLS #24025639 from MARIS

+ Reveal additional info including schools and tax history

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+ Appliances

Laundry Facilities: Coin Operated

+ Heating and Cooling

Cooling Features: Wall Unit(s), Central-Electric
Heating Features: Forced Air
Heating Fuel: Gas
Water Heaters: Gas

+ Interior Features

Furnished Description: Building & Land

+ Land Info

Lot Size Acres: 0.3349
Lot Size Dimensions: 102.74 x 142
Lot Size Source: County Records
Lot Size Square Feet: 14588

+ Garage and Parking

Parking Features: Parking Lot

+ School Information

Elementary School: Woodward Elem.
High School: Roosevelt High
Middle School: Long Middle Community Ed. Center
School District: St. Louis City
+ Display Complete School Details

Long Middle Community Ed. Center is a public middle school located approximately 0.7 miles away.
Map directions

Woodward Elementary School is a public elementary school located approximately 0.8 miles away.
Map directions

Roosevelt High School is a public high school located approximately 1.8 miles away.
Map directions

St Mary's High School is a private high school located approximately 0.2 miles away.
Map directions

+ Rental Info

Gross Income: 188043.00
Tenant Pays: All Utilities, Gas

+ Multi-Unit Info

Number of Units: 12

+ Other Property Info

Annual Tax Amount: 2904
Source Listing Status: Pending
County: St Louis City
Directions: Grand Avenue to West on Itaska, building is on the right.
Tax Year: 2023
Ownership: Private
Source Property Type: Multi-Family 5+
Area: South City
Source Neighborhood: Dutchtown
Property Location: City
Subdivision: St Louis Add
Property Subtype: Apartment Complex
Lot Number: 6
Source System Name: C2C
Coming Soon Date: 2024-04-29
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$30,380 + $6,100 $36,480	$3,015
2021	$30,380 + $6,100 $36,480	$3,011
2020	$30,380 + $6,100 $36,480	$2,987
2019	$30,380 + $6,100 $36,480	$2,977
2018	$30,380 + $6,100 $36,480	$3,071
2017	$30,380 + $6,100 $36,480	$3,018
2016	$30,380 + $6,100 $36,480	$3,057
2015	$30,380 + $6,100 $36,480	$2,768
2014	$30,360 + $6,120 $36,480	$2,767
2013	$30,360 + $6,120 $36,480	$2,767
2012	$34,920 + $6,120 $41,040	$3,076
2011	$34,920 + $6,120 $41,040	$2,957
2010	$88,300 + $10,300 $98,600	$8,438
2009	$88,300 + $10,300 $98,600	$8,170
2008	$52,020 + $5,550 $57,570	$4,668

+ Reveal Property Sale History

Listed 2024-04-29
$1,600,000
MARIS

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Listing removed 2022-10-01
$880,000
MARIS

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Price Changed 2022-09-01
$880,000
MARIS

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Listed 2022-07-07
$899,000
MARIS

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Sold 2020-08-31
$0
Public Record

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Sold 2018-10-18
$0
Public Record

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Sold 2017-08-24
$0
Public Record

+ Commercial Info

Net Operating Income: 151613.00

+ Building and Construction

Total Square Feet Living: 14843
Year Built: 1962
Construction Materials: Brick/Stone Msn Pred
Living Area Source: County Records
Property Age: 62
Total Above Grade Sqft Area: 14843
Architectural Style: Low/1-2

+ Utilities

Sewer: Public
Water Source: Public