$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% ccupied 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 exceptional size- extremely easy to lease.
36 GARAGE PARKING spaces + over a dozen off street parking 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 r oll 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.