NOT LISTED FOR SALE
8 Beds
-- Bath
88,925 Sq Ft
9,932 Sq Ft Lot

Sale Details

Date Sold: August 16, 2022

6 Days on Market

Highlights

  • 0.23 Acre Lot
  • Forced Air Heating and Cooling System
  • Community Storage Space
  • Brick or Stone Mason
  • Ceiling Fan
  • 2-minute walk to Marquette Park

About This Home

As of August 2022

Looking to add a money maker to your real estate portfolio? Act fast, this is a perfect well kept Multifamily Investor Opportunity with low maintenance cost! Cap rate is 10.1% at list price and is sold separately to its sister building next door (3130 Gasconade st.) which could be sold as a package. There are 8 true 1 BR / 1 BA apartments (not shotgun style) approx. 1000 sq ft each. Rents range $550-650; rents are $150-$200 per unit below MV and can be raised at next renewal for each tenant. Street parking. Basement storage unit and W/D hook up for each unit provided. Individual furnaces. Wood flooring and Ceramic tile in both kitchen & bath. Central air, Electric W/H; Gas furnaces. Poured foundation. Architectural roof with a 25 yr warranty installed 2018. Across the street
from Marquette Park. Building is fully occupied except for one unit held vacant for showing. Property has been meticulously maintained. Submit offers on Special Sale Contract. Please do not disturb tenants.

Last Agent to Sell the Property

Anthony Binaei

Coldwell Banker Realty - Gundaker West Regional License #2021005056 Listed on: 05/28/2022

Coldwell Banker Realty - Gundaker West Regional

Last Buyer's Agent

Dean Eshelman

RE/MAX Best Choice License #1999138631

RE/MAX Best Choice
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1948

Lot Details

  • 9,932 Sq Ft Lot
  • Lot Dimensions are 79 x 124

Parking

  • On-Street Parking

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 88,925 Sq Ft Home
  • Ceiling Fan
  • Drapes & Rods
  • Fire and Smoke Detector
  • Laundry in unit

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 2630-00-0110-0

Community Details

Overview

  • 8 Units
  • Low-Rise Community

Amenities

  • Community Storage Space

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Apartment

Year Built

Built in 1948

Lot Details

9,932 Sq Ft Lot

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Municipality Township: St. Louis City
  • Age: 74
  • Ownership: Private
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Items: Drapes/Blinds
  • Laundry: Lndry Connect all Un
  • Square Footage: 88925

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking

Utilities

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

Schools

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

Lot Info

  • Lot Dimensions: 79 x 124
  • Lot Sq Ft: 9932
  • Location: City
  • Acres: 0.2280

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Info: No Units Furnished, Restriction-Pets, Smoke/Alarm Detector, Storage/Locker Area
  • Building Number: 1
  • Gross Operating Income: 58620.00
  • Total Units: 8
  • Total Expenses: 12400.00

Tax Info

  • Taxes Paid: 3387
  • Assessor Parcel Number: 2630-00-0110-0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2022
Closed on
Jul 13, 2022
Sold by
Bought by
Seller's Agent
Anthony Binaei
Coldwell Banker Realty - Gundaker West Regional
Buyer's Agent
Dean Eshelman
RE/MAX Best Choice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,477
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,033
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 30, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,375
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.25%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Continental Title
-- Multiple
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $461,477
Previous Owner $256,033
Previous Owner $249,375
Previous Owner $210,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/16/2022 08/16/22 Sold -- -- --
06/04/2022 06/04/22 Pending -- -- --
Source: MARIS MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,223 $51,580 $2,830 $48,750
2025 $3,755 $51,580 $2,830 $48,750
2024 $3,571 $44,860 $2,830 $42,030
2023 $3,571 $44,860 $2,830 $42,030
2022 $3,392 $41,040 $2,830 $38,210
2021 $3,388 $41,040 $2,830 $38,210
2020 $3,361 $41,040 $2,830 $38,210
2019 $3,350 $41,040 $2,830 $38,210
2018 $3,456 $41,040 $2,830 $38,210
2017 $3,396 $41,040 $2,830 $38,210
2016 $3,440 $41,040 $2,830 $38,210
2015 $3,115 $41,040 $2,830 $38,210
2014 $3,113 $41,040 $2,830 $38,210
2013 -- $41,040 $2,830 $38,210
Source: Public Records

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Map

Source: MARIS MLS

MLS Number: MIS22034184

MARIS MLS

APN: 2630-00-0110-0

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