Seller's Agent in 2023
Tyler Alms
Salient Realty Group, LLC
(314) 451-7897
1 in this area
13 Total Sales
Last list price
3225 Ashby Rd Saint Ann, MO 63074
24
Beds
4
Baths
15,508
Sq Ft
0.67
Acres
Highlights
- 0.67 Acre Lot
- Forced Air Heating and Cooling System
- Coin Laundry
- Great Room
About This Home
As of January 2023Ashby Heights Apartments is a 20-unit apartment complex property at 3225-33 Ashby Rd, in St. Louis, Missouri.
Ashby Heights offers a tremendous value add opportunity with a proven cosmetic update plan. 6 of the 20 units have already been updated and are experiencing incredible demand from the rental market.
Ashby Heights Apartments has an in place cap rate of 7.03% and once the cosmetic update plan has been completed, an 8.40% unlevered yield on cost ($1,499,000 purchase + $9,000 x 14 units = $1,625,000 total cost).
The property offers abundant off-street parking (+/- 25 spaces). A new coin operated laundry room has been added to the basement to serve non-updated units while the renovation plan is executed. All units have central air conditioning and heat. The property has walk out basements that provide an option for an owner to offer storage to tenants for additional income.
Last Agent to Sell the Property
Salient Realty Group, LLC License #2020033848 Listed on: 10/04/2022
Property Details
Home Type
- Apartment
Year Built
- Built in 1964 | Remodeled
Lot Details
- 0.67 Acre Lot
- Sprinkler System
Parking
- Parking Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 15,508 Sq Ft Home
- Drapes & Rods
- Great Room
Kitchen
- Oven or Range
- Dishwasher
Location
- City Lot
Schools
- Buder Elem. Elementary School
- Hoech Middle School
- Ritenour Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Cooling System Powered By Gas
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electric, gas
- Assessor Parcel Number 14M-64-1277
Community Details
Overview
- 20 Units
- Low-Rise Condominium
Additional Features
- Coin Laundry
- Building Fire Alarm
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2023 01/13/23 | Sold | -- | -- | -- |
| 11/29/2022 11/29/22 | Pending | -- | -- | -- |
| 10/04/2022 10/04/22 | For Sale | $1,499,000 | +57.8% | $97 / Sq Ft |
| 12/23/2019 12/23/19 | For Sale | $950,000 | +26.8% | $41 / Sq Ft |
| 12/20/2019 12/20/19 | Sold | -- | -- | -- |
| 12/19/2019 12/19/19 | Pending | -- | -- | -- |
| 03/21/2017 03/21/17 | Sold | -- | -- | -- |
| 02/27/2017 02/27/17 | Pending | -- | -- | -- |
| 10/24/2016 10/24/16 | For Sale | $749,000 | -- | $32 / Sq Ft |
Source: MARIS MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Alms
-
Garen Lafser
Seller Co-Listing Agent in 2023
Garen Lafser
Salient Realty Group, LLC
(314) 374-3687
1 in this area
34 Total Sales
-
Lynne Hart
Buyer's Agent in 2023
Lynne Hart
Real Broker LLC
(314) 324-6907
2 in this area
131 Total Sales
-
Jordan Schoen
Seller's Agent in 2019
Jordan Schoen
Invest St. Louis
(314) 255-5117
109 Total Sales
-
Mike Shepherd
Seller's Agent in 2017
Mike Shepherd
Invest St. Louis
(314) 662-6453
1 in this area
56 Total Sales
Map
Source: MARIS MLS
MLS Number: MIS22064551
APN: 14M-6-4-127-7
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