Seller's Agent in 2017
Paul Cunningham
RE/MAX
(314) 406-4896
20 Total Sales
Immaculate 9 unit apartment building in desirable Webster Groves! Loads of updates. New shingle roof 2015, thermal replacement windows, 8 of 9 apartments are upgraded/renovated, many with higher end finishes, newer HVAC units, gleeming hardwood floors, brand new commercial grade water heater. 6 vehicle basement garage plus 4 offstreet parking makes it easy to lease these apartments. Some units with below market rents and are being increased as they turn - latest 1 bed turn leased for $845/mo! Cap rate with current rents is 6.88% and 7.25% with market rents (9+% cash-on-cash). Approaching 23% projected 10 year IRR. Turnkey investment in one of st. Louis' most desired inner suburban neighborhoods. Less than 5 minutes to Webster University! Minutes from downtown Maplewood, blocks from I-44 entrance, 10 minutes from Clayton CBD, forest Park, Wash U. *all offers to be submitted on Special Sale Contract.
Last Agent to Sell the Property
RE/MAX Results License #2000150563 Listed on: 01/31/2017
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/14/2017 09/14/17 | Sold | -- | -- | -- |
| 08/29/2017 08/29/17 | Pending | -- | -- | -- |
| 08/01/2017 08/01/17 | For Sale | $859,000 | 0.0% | $119 / Sq Ft |
| 07/31/2017 07/31/17 | Off Market | -- | -- | -- |
| 03/15/2017 03/15/17 | Price Changed | $859,000 | -2.3% | $119 / Sq Ft |
| 01/31/2017 01/31/17 | For Sale | $879,000 | -- | $122 / Sq Ft |
Seller's Agent in 2017
Paul Cunningham
RE/MAX
(314) 406-4896
20 Total Sales
Buyer's Agent in 2017
Dara Gustin
STL Buy & Sell, LLC
(314) 896-1327
2 in this area
14 Total Sales
Source: MARIS MLS
MLS Number: MIS17006397