5001 South Grand, St Louis, MO 63111

$824,900
13,226
SqFt
List Price
$824,900
Days on Market
11
MLS#
19016412
Status
ACTIVE
Living Sq. Ft
13,226
Lot Size
7,492
Sq. Ft. Above
13,226
Acres
0.172
Year Built
1930
Age
89
Subdivision
Tacoma Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Investors take notice of this 16 residential unit and 3 commercial building located next to St. Mary's High School. Fully occupied with market and subsidized (predominantly VA) tenants. All tenants have been hand picked and thoroughly screened by the Seller. Great income with the majority being guaranteed Building includes a brand new high efficiency boiler with sensors in every unit that allow the owner to manage the output. All new vinyl windows and many updated sub panels. New interior lighting that can either be set on a timer or with motion detection. Property is listed at an 8.75% Cap Rate with 14.25% Cash on Cash with upside to increase rents. Showing on Thursday, March 21st. Call listing agent to schedule a time or with any questions you may have. Offer Memorandum and rent roll provided upon request. US Bank has provided the following terms (based on qualified credit): - 3 year term @ 4.9% APR - 5 year term @ 5.1% APR

Additional Information

Gross Operating Income
124859
Total Expenses
$52,717
School District
St. Louis City
Elementary School
Woodward Elem.
Jr. High School
Lyon-Blow Middle
Sr. High School
Roosevelt High
Construction
Brick/Stone Msn Pred
Parking Description
On Street Parking
Cooling
Window Unit(s)
Sewer
Public
Heating
Hot Water/Steam
Water
Public
Heat Source
Gas
Price Per Sq. Ft
62.37
Taxes Paid
6779
Selling Terms
Cash

Mortgage Calculator

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Listing courtesy of Apartment Advisors of America LLC.

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