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$870,000   Price Analysis
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7249 Pasadena Blvd
Pasadena Hills, MO 63121
Unknown bed None bath 16,896 SqFt ($51/SqFt)
0.54 acre lot. Built 1961
Listed 2024-01-17, Taxes $10,402
Ⓧ USDA Ineligible
due to price & location

near Pasadena Hills

Welcome to this exceptional opportunity to own a 12-unit apartment building located in a prestigious and unique gated community known as Pasadena Hills.

Situated in a location near highway access and University Missouri St. Louis, makes it an attractive option for students, faculty and staff. The property offers a range of desirable features that make it an attractive investment including a mix of one, two and three bedroom units with hardwood floors throughout, forced heat, central air, stor age, laundry on-site and garage parking.

The current rents are below market with rent potential of an additional $6, 900 annually. Don't miss out on this chnce to own a solid, well constructed apartment building in a gated community with park access.


Presented by Michael Zangara at
Apartment Advisors Of America.


Property MLS #24002828 from MARIS

Drapes/Blinds
Furnished Description: Building & Land

Laundry Facilities: Coin Operated, Common Laundry

Cooling Features: Ceiling Fan, Central-Electric
Heating Features: Forced Air
Heating Fuel: Gas
Water Heaters: Gas

Lot Size Acres: 0.54
Lot Size Dimensions: 0x0
Lot Size Source: County Records
Lot Size Square Feet: 23522

Parking Features: Parking Garage, Parking Lot

Elementary School: Lucas Crossing Elem. Complex
High School: Normandy High
Middle School: Lucas Crossing Middle
School District: Normandy

Normandy High School is a public high school located approximately 1.5 miles away.
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St Vincent Home/School is a private middle and high school located approximately 0.2 miles away.
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Jefferson Elementary School is a public elementary and middle school located approximately 0.4 miles away.
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Gross Income: 105450.00
Tenant Pays: Cable TV/Satellite, Electric, Gas

Number of Units: 12

Annual Tax Amount: 9541
Source Listing Status: Active
County: St Louis
Cross Street: Roland
Directions: From Clayton take Interstate 170 North, East Interstate 70, South on Lucas and Hunt, West on Natural Bridge, North Roland Blvd.
Tax Year: 2023
Ownership: Private
Source Property Type: Multi-Family 5+
Area: Jennings
Source Neighborhood: Pasadena Hills
Property Location: Corner Location, Suburban
Subdivision: Pasadena Hills
Property Subtype: Apt Bldg/Interior En
Source System Name: C2C
Coming Soon Date: 2024-01-17

YearAssessments
Building + Land
Total
Tax
2022$70,790 + $22,800
$93,590
$10,402
2021$70,790 + $22,800
$93,590
$10,474
2020$70,780 + $11,400
$82,180
$9,416
2019$70,780 + $11,400
$82,180
$9,349
2018$71,140 + $11,400
$82,540
$9,981
2017$71,140 + $11,400
$82,540
$9,842
2016$54,970 + $11,400
$66,370
$8,543
2015$54,970 + $11,400
$66,370
$8,211
2014$59,050 + $22,800
$81,850
$11,453
2013$59,050 + $22,800
$81,850
$10,150
2012$68,310 + $22,800
$91,110
$10,806
2011$68,310 + $22,800
$91,110
$10,896
2010$68,310 + $22,800
$91,110
$10,819
2009$68,310 + $22,800
$91,110
$10,188
2008$80,350 + $16,470
$96,820
$10,372
2007$80,350 + $16,470
$96,820
$10,060

Listed 2024-01-17
$870,000
MARIS
Sold 2020-12-22
$0
Public Record

Net Operating Income: 65951.00

Total Square Feet Living: 16896
Year Built: 1961
Building Features: Smoke/Alarm Detector, Storage/Locker Area
Construction Materials: Brick Veneer Decrtv, Brick Veneer Predom, Concrete Block
Living Area Source: County Records
Property Age: 63
Total Above Grade Sqft Area: 16896
Architectural Style: Low/1-2

Smoke/Alarm Detector
Storage/Locker Area

Sewer: Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.