NOT LISTED FOR SALE
Studio
4 Baths
4,356 Sq Ft
5,184 Sq Ft Lot

Sale Details

Date Sold: February 10, 2022

About This Home

As of February 2022

Wonderful opportunity to invest in a turn-key 4-unit apartment building right in the heart of the booming Delmar Loop.



Offered at an 8.52% Cap Rate Return,6424 Cates boasts $1325 rents on all four units leased through May/June 2022.Great updates throughout, almost all PVC plumbing and copper supply, updated electrical panels, tile flooring in the kitchens, updated bathrooms and kitchens, - NO need for any major updates to achieve great cash-flows for years to come. Full roof repair in 2018, new vinyl windows everywhere. These sizable 2-bedroom units have sunrooms often used as a third bedroom. Fenced-in back yard, and four spots of off street parking.



With the continual development in the Delmar Loop and the nearby Washington University, this neighborhood has performed incredibly well for investors and is positioned nicely for future growth...Call today before it's gone!

Last Agent to Sell the Property

Mary Lewis

Mary Lewis Realty License #2000163644 Listed on: 01/04/2022

Last Buyer's Agent

Julie Haefner

Compass Realty Group License #2018005186

Compass Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 5,184 Sq Ft Lot
  • Partially Fenced Property

Parking

  • Off-Street Parking

Home Design

  • 4,356 Sq Ft Home
  • Quadruplex

Schools

  • Flynn Park Elem. Elementary School
  • Brittany Woods Middle School
  • University City Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electric, gas
  • Assessor Parcel Number 18H-43-1166

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

5,184 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: University City
  • Age: 95
  • Ownership: Private
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Partial Fencing
  • Square Footage: 4356

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: Flynn Park Elem.
  • Junior High School: Brittany Woods
  • School District: University City
  • Senior High School: University City Sr. High

Lot Info

  • Lot Dimensions: +/- 40 x 132/ 40 x 128
  • Lot Sq Ft: 5184
  • Acres: 0.1190

Rental Info

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

Multi Family

  • Gross Operating Income: 63600.00
  • Units: 4
  • Total Expenses: 14566.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 6999
  • Assessor Parcel Number: 18H-43-1166

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
Jan 4, 2022
Closed on
Feb 10, 2022
Sold by
Bought by
Seller's Agent
Mary Lewis
Mary Lewis Realty
Buyer's Agent
Julie Haefner
Compass Realty Group
List Price
$574,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,400
Interest Rate
0.0355%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 29, 2020
Closed on
Jul 24, 2020
Sold by
Bought by
Seller's Agent
Evan Kuhn
Evan Kuhn, Broker
Buyer's Agent
Evan Kuhn
Evan Kuhn, Broker
List Price
$549,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$408,750
Interest Rate
0.03%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 18, 2019
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
$380,000
Interest Rate
0.044%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2018
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
$395,100
Interest Rate
0.0399%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 2013
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
$240,553
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 27, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2010
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
$200,000
Interest Rate
0.0498%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Hillsboro Title
$545,000 Security Title Ins Agcy
$475,000 St Louis Title Llc
$439,000 St Louis Title Llc
-- St Louis Title Llc Cm
-- Title Partners Agency Llc
-- Insight Title
$193,221 None Available
-- Netco
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
Open $484,400
Previous Owner $408,750
Previous Owner $380,000
Previous Owner $395,100
Previous Owner $240,553
Previous Owner $200,000
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 Prior Sale
02/10/2022 02/10/22 Sold -- -- --
01/04/2022 01/04/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $574,900 +4.7% $132 / Sq Ft
07/24/2020 07/24/20 Sold -- -- -- View Prior Sale
02/29/2020 02/29/20 For Sale $549,000 -- $126 / 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
2025 $8,099 $112,860 $30,510 $82,350
2024 $8,099 $108,830 $42,920 $65,910
2023 $8,099 $108,830 $42,920 $65,910
2022 $7,099 $88,310 $38,150 $50,160
2021 $7,000 $88,310 $38,150 $50,160
2020 $5,220 $63,840 $13,600 $50,240
2019 $5,172 $63,840 $13,600 $50,240
2018 $5,056 $57,310 $9,520 $47,790
2017 $5,065 $57,310 $9,520 $47,790
2016 $4,133 $44,420 $7,620 $36,800
2015 $4,159 $44,420 $7,620 $36,800
2014 $4,086 $42,660 $5,400 $37,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS22000385

MARIS MLS

APN: 18H-4-3-116-6

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