Seller's Agent in 2016
Paul Cunningham
RE/MAX
(314) 406-4896
16 Total Sales
18
Beds
6
Baths
9,304
Sq Ft
9,583
Sq Ft Lot
Highlights
- Formal Dining Room
- Coin Laundry
- 3-minute walk to Eastgate Park
About This Home
As of October 2016Washington 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
Property Details
Home Type
- Multi-Family
Year Built
- 1923
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 112x145x25x25x135
Interior Spaces
- Formal Dining Room
- Oven or Range
Parking
- On-Street Parking
- Parking Lot
Utilities
- Heating System Uses Gas
- Gas Water Heater
Community Details
- Coin Laundry
Listing and Financial Details
- Tenant pays for cable tv/satellite, electric, gas
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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 |
|---|---|---|---|---|
| 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 |
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 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Cunningham
-
Default Zmember
D
Buyer's Agent in 2016
Default Zmember
Zdefault Office
(314) 984-9111
28 in this area
8,170 Total Sales
Source: MARIS MLS
MLS Number: MIS16058835
APN: 18H-4-2-105-7
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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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