4050 Delmar, St Louis, MISSOURI 63108

$699,900
6,120
SqFt
List Price
$699,900
Days on Market
18
MLS#
21048705
Status
ACTIVE UNDER CONTRACT
Living Sq. Ft
6,120
Lot Size
4,095
Sq. Ft. Above
6,120
Acres
0.094
Year Built
1925
Subdivision
Delmar Ave Add
Municipality
St. Louis City
County
St Louis City
Year Built
1925
Listing Type
Multifamily

Property Description

Four blocks from St. Louis University with neighboring new construction homes being built. Great tenant base and future potential development. Lot to the South of the building also listed separately. All 17 units are efficiency apartments; approximately 13 have been updated with high most recent rent of $580. Owner also just started implementing a $30 fee for sharing utilities. The 50ft lateral line has just been replaced. Roof and Boiler installed in 2017. Units are individually metered electric. Property is offered at a 7.27% cap rate with a 12% Cash on Cash and a 10% Proforma Cap Rate. Call listing agent for additional information for this well positioned cash flowing property's Offer Memo. Property includes 2 adjacent lots of over 4,000 sq ft. Great for additional parking lot. First showing is July 15th by appointment only.

Additional Information

Gross Operating Income
112200
Total Expenses
$41,116
School District
St. Louis City
Elementary School
Pamoja Prep / Cole
Jr. High School
Pamoja Prep / Cole
Sr. High School
Sumner 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
114.36
Taxes Paid
4640
Selling Terms
Conventional
Transaction Agent Commission
1
Buyers Agent Commission
2.7

Mortgage Calculator

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Listing courtesy of Apartment Advisors of America LLC.

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