NOT LISTED FOR SALE

Estimated Value: $356,123

8 Beds
3 Baths
7,080 Sq Ft
$50/Sq Ft Est. Value

Last Sold July 20, 2023

Current estimated payment $2,100/month

45 Days on Market

Highlights

  • Corner Lot
  • Laundry in Utility Room
  • Ceiling Fan
  • Brick or Stone Mason
  • Central Air
  • Wall Furnace

About This Home

As of July 2023

Turn key 7 unit apartment complex with 6 of 7 units occupied and on leases. 2 units on the first floor, 3 on the second floor and 2 on the third. Most of the units were renovated in 2012 with new electric, plumbing, HVAC, etc. New roof overlay in 2021. 2 car garage in the back for tenant use with additional parking pad. The building was struck by lightning and had brickwork completed within the last few months. The decorative cornice was not rebuilt, so while it's not the prettiest, it's water tight and completely functional. Listed at about a 10% cap rate, this building cash flows very well, so don't sit on this one! Property sold as is.

Last Agent to Sell the Property

Joseph Hostman

RE/MAX Results License #2015004865 Listed on: 04/24/2023

RE/MAX Results

Last Buyer's Agent

Kelsey Snell

Garcia Properties License #2018003810

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,425

Year Built

  • Built in 1885

Lot Details

  • 3,825 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Corner Lot

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 7,080 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector
  • Oven or Range
  • Laundry in Utility Room

Parking

  • On-Street Parking
  • Parking Garage Space
  • Parking Lot
  • Unassigned Parking

Schools

  • Froebel Elem. Elementary School
  • Fanning Middle Community Ed.
  • Roosevelt High School

Utilities

  • Central Air
  • Wall Furnace
  • Electric Water Heater

Community Details

  • 7 Units
  • Mid-Rise Condominium

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 1476-00-0400-7

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,425

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Municipality Township: St. Louis City
  • Age: 138
  • Ownership: Private
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Prvt Laund some unit
  • Square Footage: 7080

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking, Parking Garage, Parking Lot, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Individual Furnaces

Schools

  • School District: St. Louis City
  • Elementary School: Froebel Elem.
  • Middle School: Fanning Middle Community Ed.
  • High School: Roosevelt High
  • Elementary School: Froebel Elem.
  • Junior High School: Fanning Middle Community Ed.
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 60x125
  • Lot Sq Ft: 3825
  • Location: City, Corner Location
  • Acres: 0.0878

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Gas

Multi Family

  • Building Info: No Units Furnished, Smoke/Alarm Detector
  • Building Number: 1
  • Gross Operating Income: 58740.00
  • Total Units: 7
  • Total Expenses: 17687.00

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 2398
  • Assessor Parcel Number: 1476-00-0400-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Jul 20, 2023
Sold by
Mori Development Group Llc
Bought by
Jnd Realty Llc
Seller's Agent
Joseph Hostman
RE/MAX Results
Buyer's Agent
Kelsey Snell
Garcia Properties
List Price
$425,000
Views
60
Current Estimated Value
$356,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.41%
Original Mortgage
$327,250
Outstanding Balance
$320,301
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$68,117

Purchase Details

Closed on
Feb 1, 2022
Sold by
Michael Mori
Bought by
Mori Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,103,412
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2021
Closed on
Sep 7, 2021
Sold by
Mr & Jr Investments Llc
Bought by
Mori James and Mori Michael
Seller's Agent
John Sheahan
DESCO Residential
Buyer's Agent
Joseph Hostman
RE/MAX Results
List Price
$409,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.88%

Purchase Details

Closed on
May 2, 2019
Sold by
Sigel Martha and Sigel Steven
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 30, 2009
Sold by
First Collinsville Bank
Bought by
Mr & Jr Investments Llc

Purchase Details

Closed on
Mar 31, 2005
Sold by
Sunset Capital Llc
Bought by
New Horizons Management Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jnd Realty Llc -- None Listed On Document
Mori Development Group Llc -- Investors Title
Mori James $375,000 Investors Title Company
Federal Home Loan Mortgage Corporation $74,424 None Available
Mr & Jr Investments Llc -- Integrity Land Title Co Inc
New Horizons Management Llc -- Ort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jnd Realty Llc $327,250
Previous Owner Mori Development Group Llc $1,103,412
Previous Owner C K Real Estate Co Llc $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold -- -- --
06/09/2023 06/09/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $425,000 0.0% $60 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $425,000 +3.9% $60 / Sq Ft
09/07/2021 09/07/21 Sold -- -- --
08/27/2021 08/27/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $409,000 -- --
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,425 $25,500 $2,830 $22,670
2024 $2,320 $25,500 $2,830 $22,670
2023 $2,320 $25,500 $2,830 $22,670
2022 $2,398 $25,500 $2,830 $22,670
2021 $2,395 $25,500 $2,830 $22,670
2020 $2,379 $25,500 $2,830 $22,670
2019 $2,372 $25,500 $2,830 $22,670
2018 $2,438 $25,500 $2,830 $22,670
2017 $2,401 $25,500 $2,830 $22,670
2016 $2,428 $25,500 $2,830 $22,670
2015 $2,226 $25,500 $2,830 $22,670
2014 $2,225 $25,500 $2,830 $22,670
2013 -- $25,500 $2,830 $22,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23017847

MARIS MLS

APN: 1476-00-0400-7