Seller's Agent in 2016
Paul Cunningham
RE/MAX
(314) 406-4896
16 Total Sales
Washington University student housing apartment offering! Well-located in the Delmar Loop neighborhood, just a block behind Wash U's new $80M mixed use development in The Loop. 100% leased through next May. Current rental rates are below market due to construction on the street during last leasing season. Offered at a 7.0% cap rate (9.5% cash-on-cash) on current rents in place, with Year 2 projected cap rate of 9% (19% cash-on-cash) with units leased at market rents of $1,495!! 3 bed market rents in this neighborhood are $1,495-1,895/mo. Unbelievable opportunity in a well-protected and high-growth market. Wash U owns most of the buildings here, very few individually-owned buildings left for acquisition (see map in supplements).
Kitchen and bath updates, newer stacks top to bottom both sides, thermal windows, brand new electric services being installed, separate HVAC & HWH. Highly walkable location- 86 walk score/79 bike score. Grocery store and dozens of restaurants 1 block away.
Last Agent to Sell the Property
RE/MAX Results License #2000150563 Listed on: 08/18/2016
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2016 10/11/16 | Sold | -- | -- | -- |
| 09/07/2016 09/07/16 | Pending | -- | -- | -- |
| 08/18/2016 08/18/16 | For Sale | $900,000 | -- | $97 / Sq Ft |
| 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 | $16,173 | $276,260 | $85,500 | $190,760 |
| 2024 | $16,173 | $217,990 | $39,900 | $178,090 |
| 2023 | $16,182 | $217,990 | $39,900 | $178,090 |
| 2022 | $14,003 | $174,800 | $11,400 | $163,400 |
| 2021 | $13,807 | $193,340 | $11,400 | $181,940 |
| 2020 | $13,991 | $172,160 | $22,800 | $149,360 |
| 2019 | $13,864 | $172,160 | $22,800 | $149,360 |
| 2018 | $7,236 | $82,270 | $22,800 | $59,470 |
| 2017 | $7,249 | $82,270 | $22,800 | $59,470 |
| 2016 | $5,920 | $63,860 | $19,950 | $43,910 |
| 2015 | $5,957 | $63,860 | $19,950 | $43,910 |
| 2014 | $6,042 | $63,860 | $19,950 | $43,910 |
Seller's Agent in 2016
Paul Cunningham
RE/MAX
(314) 406-4896
16 Total Sales
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Buyer's Agent in 2016
Default Zmember
Zdefault Office
(314) 984-9111
30 in this area
8,745 Total Sales
Source: MARIS MLS
MLS Number: MIS16058835
APN: 18H-4-2-105-7