Seller's Agent in 2017
Paul Cunningham
RE/MAX
(314) 406-4896
16 Total Sales
86
Beds
86
Baths
38,012
Sq Ft
152,460
Sq Ft Lot
About This Home
As of February 2017Package of 43 townhome condominium units in a 50 unit complex. Leased with stable tenancy. Majority of units have been renovated in past few years. Operating at an 8.25% cap rate on trailing 12 mos income/expenses (real expenses), 15-16% cash-on-cash returns, virtually unheard of in this very hot apartment market. Over $400,000 in recent capital improvements/renovations. Buyer will control the condo association. Very attractive townhome product, 2 bedrooms upstairs, half bath first floor, full bath 2nd floor, and a finished rec room in the private basement (which is not included in unit SqFt). Full masonry low-density duplex buildings on a cul-de-sac street, like owning your own neighborhood! Private laundry in each basement/lower level. Great central location right on the Overland/St. Ann border. Buder elementary school is 2 blocks down the street, super-convenient for tenants with kids. Will not last.
Last Agent to Sell the Property
RE/MAX Results License #2000150563 Listed on: 11/16/2016
Property Details
Home Type
- Multi-Family
Year Built
- 1968
Lot Details
- 3.5
Home Design
- Updated or Remodeled
Parking
- 2 Parking Spaces Included
- Over 1 Space Per Unit
- On-Street Parking
- Parking Lot
Utilities
- Heating System Uses Gas
- Gas Water Heater
Additional Features
- Laundry in unit
- 3.5 Acre Lot
- Suburban Location
Community Details
- 22 Buildings
Listing and Financial Details
- Tenant pays for cable tv/satellite, electric, gas, trash removal
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/10/2017 02/10/17 | Sold | -- | -- | -- |
| 11/16/2016 11/16/16 | For Sale | $2,500,000 | -- | $66 / Sq Ft |
Source: MARIS MLS
Tax History
| 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 | $27,319 | $333,280 | $83,600 | $249,680 |
| 2024 | $27,319 | $281,200 | $20,900 | $260,300 |
| 2023 | $27,319 | $281,200 | $20,900 | $260,300 |
| 2022 | $28,963 | $281,200 | $4,240 | $276,960 |
| 2021 | $28,946 | $236,310 | $4,240 | $232,070 |
| 2020 | $26,781 | $238,700 | $4,090 | $234,610 |
| 2019 | $26,488 | $238,700 | $4,090 | $234,610 |
| 2018 | $27,118 | $219,910 | $5,020 | $214,890 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Cunningham
-
Ken Aston
Seller Co-Listing Agent in 2017
Ken Aston
Berkadia Real Estate Advisors
(314) 984-5590
Source: MARIS MLS
MLS Number: MIS16079095
APN: 14L-4-2-250-1
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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