$4730000 Price Analysis   ♡   Saint Louis, MO 63119 Unknown bed None bath unknown SqFt ($0/SqFt) 1.71 acre lot. Built 1960 Listed 2024-04-03, Taxes $25485 | Ⓧ USDA Ineligible due to price & location near Saint Louis |
Fully renovated 38 unit apartment building in Webster Groves
100% occupied with 20 units already leased at proforma rents. Currently the property is bringing in $41, 618/month. The 1beds are leasing for $1075/month to $1210/month. The 2beds are leasing for $1350/month to $1425/month. EVERY APARTMENT has IN UNIT LAUNDRY, stainless steel appliances, white shaker cabinets, granite counters, tiled bathrooms and are a tremendous size- extremely easy to lease.
36 GARAGE PARKING spaces + over a dozen off street parkng spaces. The property has a pool in the center of the gated courtyard. If you annualize the current rent roll, factor in 5% vacancy and use the 2023 expenses- you arrive at a CAP RATE OF 7.83%. Once you bring all the units to proforma rents, you will be over a 9% cap rate. An in-place cap rate of a building this nice in Webster Groves is truly unheard of. This is extremely popular for Webster University students as they can walk to class. Ask for T12, rent roll and appraisal.
Presented by Anthony M. Klier at
The Agency.
Property MLS #24019919 from MARIS
Heating Features: Forced Air
Heating Fuel: Gas
Water Heaters: Gas
Parking Features: 1 Space/Unit, Guest Parking, Parking Garage
Lot Size Dimensions: 180x263
Lot Size Square Feet: 74488
High School: Webster Groves High
Middle School: Hixson Middle
School District: Webster Groves
Map directions Map directions Map directions Map directionsTenant Pays: Electric, Gas
Source Listing Status: Active
County: St Louis
Tax Year: 2022
Source Property Type: Multi-Family 5+
Area: Webster Groves
Source Neighborhood: John D Finney
Postal Code Plus 4: 2707
Subdivision: John D Finney
Property Subtype: Apartment Complex, Apt Bldg/Exterior En
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $164600 + $180500 $345100 | $25485 |
| 2021 | $164600 + $180500 $345100 | $25397 |
| 2020 | $178600 + $144400 $323000 | $25516 |
| 2019 | $396210 + $144400 $540610 | $25331 |
| 2018 | $282830 + $144400 $427230 | $37723 |
| 2017 | $282830 + $144400 $427230 | $37468 |
| 2016 | $178600 + $144400 $323000 | $29638 |
| 2015 | $327880 + $144400 $472280 | $29854 |
| 2014 | $228530 + $129960 $358490 | $34113 |
| 2013 | $228530 + $129960 $358490 | $33976 |
| 2012 | $144400 + $144400 $288800 | $57909 |
| 2011 | $144400 + $144400 $288800 | $26297 |
| 2010 | $204570 + $144400 $348970 | $31421 |
| 2009 | $204570 + $144400 $348970 | $27996 |
| 2008 | $257390 + $78640 $336030 | $25521 |
| 2007 | $257390 + $78640 $336030 | $25671 |
$4730000
MARIS
Listing removed 2024-02-01
$4750000
MARIS
Price Changed 2024-01-09
$4750000
MARIS
Listed 2023-07-19
$5244000
MARIS
Sold 2022-02-16
$0
Public Record
Sold 2016-06-06
$0
Public Record
Listing removed 2015-09-17
$670
Appfolio
Listed for rent 2015-08-11
$670
Appfolio
Sold 2008-05-01
$0
Public Record
Listing removed 2005-04-06
$2250000
MARIS
Listed 2005-01-18
$2250000
MARIS
Sold 2003-02-03
$0
Public Record
Sold 2002-08-05
$0
Public Record
Property Age: 64
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.