 
                Seller's Agent in 2016
Paul Cunningham
RE/MAX
(314) 406-4896
20 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 | 
 
                Seller's Agent in 2016
Paul Cunningham
RE/MAX
(314) 406-4896
20 Total Sales
D
Buyer's Agent in 2016
Default Zmember
Zdefault Office
(314) 984-9111
32 in this area
8,731 Total Sales
Source: MARIS MLS
MLS Number: MIS16058835
 
					APN: 18H-4-2-105-7