NOT LISTED FOR SALE
14 Beds
2 Baths
11,188 Sq Ft
7,013 Sq Ft Lot

Last Sold December 23, 2021

Highlights

  • Corner Lot
  • Building Terrace
  • Community Storage Space
  • Brick or Stone Mason
  • Forced Air Heating System

About This Home

As of December 2021

Amazing location & historically significant building w/ extra lot (7707 Virginia) included. Cash flow from day one w/ this 12 unit building in the hot "Patch" neighborhood at over a 10% Cap rate. This 2-story brick building once housed a local bakery & confectionery before being converted to residential use. There are (10) 1-bedrm units & (2) 2-bedrm units, dry basement w/ storage lockers & a huge shed currently used for storage & work shop but could easily be converted to more tenant storage or on-site laundry. All units have circuit breakers & forced air gas heat - all individually metered. Renewable silicone roof is less than 5 yrs old & shed roof is less than 2 years old, both with 10 year warranties @ install. Updates include tuck pointing, roof, (6) water heaters & interior updates. In the last 10 years - wood decks & vinyl windows. Owners have spent the last 5 years improving the property & placing solid tenants. This property is truly turn key!

Last Agent to Sell the Property

Micah Vaninger

St. Louis Home Brokers License #2014017090 Listed on: 10/25/2021

Last Buyer's Agent

Default Zmember

Zdefault Office

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1893 | Remodeled

Lot Details

  • 7,013 Sq Ft Lot
  • Lot Dimensions are 75x140
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • 11,188 Sq Ft Home
  • Brick or Stone Mason

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas
  • Assessor Parcel Number 3111-00-0010-0

Community Details

Overview

  • 12 Units
  • Low-Rise Condominium

Amenities

  • Building Terrace
  • Community Storage Space

Property Details

Home Type

Apartment

Year Built

Built in 1893 | Remodeled

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Cross Street: Schirmer
  • Municipality Township: St. Louis City
  • Special Description: Renovated
  • Age: 128
  • Ownership: Private
  • Year Built: 1893
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 11188

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Individual Furnaces

Schools

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

Lot Info

  • Lot Dimensions: 75x140
  • Lot Number: 24, 25
  • Lot Sq Ft: 7013
  • Location: City, Corner Location
  • Acres: 0.1610

Rental Info

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

Multi Family

  • Building Info: No Units Furnished, Smoke/Alarm Detector, Storage/Locker Area
  • Building Number: 1
  • Bulding Exterior: Some Balc/Some Terrc
  • Gross Operating Income: 82560.00
  • Total Units: 12
  • Total Expenses: 28739.00

Tax Info

  • Taxes Paid: 4625
  • Assessor Parcel Number: 3111-00-0010-0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2021 12/23/21 Sold -- -- --
10/26/2021 10/26/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $535,000 +78.4% $48 / Sq Ft
08/08/2016 08/08/16 Sold -- -- -- View Prior Sale
07/11/2016 07/11/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $299,900 -- $27 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS21076100

MARIS MLS

APN: 311100-00100