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Key Details
Sold Price $1,410,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 14,835 sqft
Price per Sqft $95
Subdivision St Louis Add
MLS Listing ID MAR24025642
Sold Date 07/23/24
Construction Status 62
Year Built 1962
Building Age 62
Lot Size 0.373 Acres
Acres 0.3727
Lot Dimensions irr
Property Sub-Type Multi-Family 5+
Property Description
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 from 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 recent 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.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Wall Unit(s), Electric
Fireplace N
Laundry Coin Operated
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 62
Schools
Elementary Schools Woodward Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Special Listing Condition None
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Bought with John Hughes