NOT LISTED FOR SALE
Studio
-- Bath
5,424 Sq Ft
6,874 Sq Ft Lot

Sale Details

Date Sold: November 1, 2022

11 Days on Market

About This Home

As of November 2022

Great Investment Opportunity awaits! 6827 Michigan is compromised of 8 studio units, and is fully occupied with rents are on average $682 month per unit. All tenants are month to month and the owner pays all utilities. This multi-family sits on a large corner lot with an adjacent empty lot next to it. There is both on and off street parking available to the tenants. The property will only be showed with an acceptable contract & proof of funds / pre-approval letter in-hand. Overall the building and systems seem to be in good condition, but needs some maintenance and tuck pointing. This property will be sold in as-is condition with inspections allowed for the Buyer's knowledge and informational purposes only.

Last Agent to Sell the Property

Joe Archambault

The Closing Pros LLC License #2014017075 Listed on: 08/20/2022

Last Buyer's Agent

Gary Montgomery

Grace Street Realty License #2004010081

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 6,874 Sq Ft Lot
  • Lot Dimensions are 50x137
  • Corner Lot

Home Design

  • 5,424 Sq Ft Home
  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Unassigned Parking

Schools

  • Woodward Elem. Elementary School
  • Lyon-Blow Middle School
  • Roosevelt High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • 8 Units
  • Low-Rise Community

Listing and Financial Details

  • Tenant pays for no utilities
  • Assessor Parcel Number 3000-00-0050-0

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

6,874 Sq Ft Lot

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Interior En
  • Municipality Township: St. Louis City
  • Age: 112
  • Ownership: Owner By Contract
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 5424

Exterior Features

  • Construction: Brick Veneer Predom

Garage/Parking

  • Parking: On Street Parking, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Window Unit(s)
  • Heating: Baseboard

Schools

  • Elementary School: Woodward Elem.
  • Junior High School: Lyon-Blow Middle
  • School District: St. Louis City
  • Senior High School: Roosevelt High

Lot Info

  • Lot Dimensions: 50x137
  • Lot Sq Ft: 6874
  • Location: City, Corner Location
  • Acres: 0.1578

Rental Info

  • Tenancy Type: Month To Month
  • Tenant Pays: No Utilities

Multi Family

  • Building Number: 1
  • Gross Operating Income: 65500.00
  • Total Units: 8
  • Total Expenses: 25000.00

Tax Info

  • Taxes Paid: 2823
  • Assessor Parcel Number: 3000-00-0050-0

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
Aug 20, 2022
Closed on
Nov 1, 2022
Sold by
Bought by
Seller's Agent
Joe Archambault
The Closing Pros LLC
Buyer's Agent
Gary Montgomery
Grace Street Realty
List Price
$495,000
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2022
Closed on
Oct 31, 2022
Sold by
Bought by
Seller's Agent
Joe Archambault
The Closing Pros LLC
Buyer's Agent
Gary Montgomery
Grace Street Realty
List Price
$495,000
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 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
$299,521
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 30, 2012
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
$165,000
Interest Rate
3.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 4, 2004
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
-- Freedom Title
-- Freedom Title
-- 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
Open $372,668
Closed $372,000
Previous Owner $299,521
Previous Owner $165,000
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
11/01/2022 11/01/22 Sold -- -- --
09/01/2022 09/01/22 Pending -- -- --
08/20/2022 08/20/22 For Sale $495,000 -- $91 / 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 $3,527 $43,080 $1,770 $41,310
2025 $2,863 $43,080 $1,770 $41,310
2024 $2,722 $34,200 $1,770 $32,430
2023 $2,722 $34,200 $1,770 $32,430
2022 $2,827 $34,200 $1,770 $32,430
2021 $2,823 $34,200 $1,770 $32,430
2020 $2,801 $34,200 $1,770 $32,430
2019 $2,791 $34,200 $1,770 $32,430
2018 $2,880 $34,200 $1,770 $32,430
2017 $2,830 $34,200 $1,770 $32,430
2016 $2,867 $34,200 $1,770 $32,430
2015 $2,596 $34,200 $1,770 $32,430
2014 $2,594 $34,200 $1,770 $32,430
2013 -- $34,200 $1,770 $32,430
Source: Public Records

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Map

Source: MARIS MLS

MLS Number: MIS22054083

MARIS MLS

APN: 300000-00500

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