NOT LISTED FOR SALE

7844 Big Bend Blvd Saint Louis, MO 63119

7 Beds
2 Baths
7,224 Sq Ft
0.29 Acres

Last Sold September 14, 2017

209 Days on Market

Highlights

  • Brick Exterior Construction
  • Central Air
  • Laundry Facilities
  • Avery Elementary School Rated A

About This Home

As of September 2017

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

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 01/31/2017

RE/MAX Results

Last Buyer's Agent

Dara Gustin

STL Buy & Sell, LLC License #2005003474

Property Details

Home Type

  • Apartment

Year Built

  • 1959

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100x152x60x128

Home Design

  • 7,224 Sq Ft Home
  • Brick Exterior Construction

Parking

  • Parking Garage Space
  • Parking Lot

Location

  • Suburban Location

Utilities

  • Central Air
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Low-Rise Condominium
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas

Property Details

Home Type

Apartment

Year Built

1959

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Exterior En
  • Municipality Township: Webster Groves
  • Age: 57
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Laundry: Common Laundry
  • Square Footage: 7224

Exterior Features

  • Construction: Brick Veneer Predom, Brick/Stone Msn Pred

Garage/Parking

  • Parking: Parking Garage, Parking Lot

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Individual Furnaces

Schools

  • School District: Webster Groves
  • Elementary School: Avery Elem.
  • Middle School: Hixson Middle
  • High School: Webster Groves High

Lot Info

  • Lot Dimensions: 100X152X60X128
  • Lot Sq Ft: 12458
  • Location: Suburban
  • Acres: 0.2860

Rental Info

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

Multi Family

  • Building Number: 1
  • Gross Operating Income: 73997.00
  • Total Expenses: 18286.00

Tax Info

  • Taxes Paid: 4976

Range of Values:

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Average Value
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List Price
Sold Price
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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
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
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: MIS17006397

MARIS MLS