NOT LISTED FOR SALE
3 Beds
6 Baths
7,882 Sq Ft
7,275 Sq Ft Lot

Sale Details

Date Sold: February 27, 2019

Highlights

  • Accessible Parking
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of February 2019

Location, location, location!!! Very rare opportunity to acquire a multi-family historic building in a popular historic St. Charles downtown area. Recently renovated and 100% occupied 9-unit apartment building - 3 one bedrooms and 6 large studio apartments with 10' ceilings. Rents below market, well positioned to increase rents substantially by making cosmetic changes. A great value-add opportunity, all 9 leases have been renewed till spring 2019, listed at an attractive 8.3% cap rate. Conveniently located on a popular 5th street, very smooth running and low maintenance. New architectural shingles, new gutters, new hallway flooring, interior hallway paint. Enjoy Main Street, Frenchtown, and all the activities of city living. Within minutes of Main Street, Lindenwood University, Ameristar Casino, Shopping centers, Restaurants, Bars. Parks, and St. Johns Hospital. Walking distance to River Front, Main Street, and Frontier Park. Owner is a licensed real estate professional.

Last Agent to Sell the Property

Austin Andrews

Corporate Group, Inc. License #2018031708 Listed on: 12/18/2018

Last Buyer's Agent

Austin Andrews

Corporate Group, Inc. License #2018031708 Listed on: 12/18/2018

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1860

Lot Details

  • 7,275

Interior Spaces

  • 7,882 Sq Ft Home
  • Ceiling Fan

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Accessible Parking
  • 7,275 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 6-009A-B153-00-0001.0000000

Property Details

Home Type

Apartment

Year Built

Built in 1860

Lot Details

7,275 Sq Ft Lot

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Cross Street: Decatur St
  • Municipality Township: St. Charles
  • Age: 159
  • Year Built: 1860
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 7882

Garage/Parking

  • Parking: Accessible Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Ceiling Fan, Window Unit(s)
  • Heating: Forced Air

Lot Info

  • Lot Sq Ft: 7275
  • Acres: 0.1670

Rental Info

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

Multi Family

  • Building Number: 1

Tax Info

  • Taxes Paid: 3737
  • Assessor Parcel Number: 6-009A-B153-00-0001.0000000

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
Dec 18, 2018
Closed on
Feb 27, 2019
Sold by
Bought by
Seller's Agent
Austin Andrews
Corporate Group, Inc.
Buyer's Agent
Austin Andrews
Corporate Group, Inc.
List Price
$560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,400
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 5, 2011
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
$204,000
Interest Rate
4.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 1, 2003
Sold by
Bought by
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
$553,000 None Available
$255,000 Ort
-- --
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 $442,400
Previous Owner $277,500
Previous Owner $204,000
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
02/27/2019 02/27/19 Sold -- -- --
12/18/2018 12/18/18 Pending -- -- --
12/18/2018 12/18/18 For Sale $560,000 -- $71 / Sq Ft
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 $5,905 $95,121
2025 $6,046 $95,121
2023 $6,036 $95,121 $0 $0
2022 $4,792 $70,460 $0 $0
2021 $4,797 $70,460 $0 $0
2020 $4,266 $60,234 $0 $0
2019 $4,229 $60,234 $0 $0
2018 $3,788 $51,328 $0 $0
2017 $3,737 $51,328 $0 $0
2016 $3,753 $49,684 $0 $0
2015 $3,746 $49,684 $0 $0
2014 $3,506 $45,722 $0 $0
Source: Public Records

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Map

Source: MARIS MLS

MLS Number: MIS18095277

MARIS MLS
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