4028 Peck Avenue, St Louis, MO 63107

$3,400,000
List Price
$3,400,000
Days on Market
124
MLS#
MAR21056308
Status
ACTIVE
Sq. Ft. Above
71,000
Subdivision
Fairgrounds
Municipality
St. Louis City
School District
St. Louis City
County
St Louis City
Year Built
1986
Listing Type
Commercial

Property Description

Sportsmans Place Apartments is an amazing opportunity near the National Geospatial Intelligence Agency (NGA), a 1.7 Billion dollar development, employing over 3,000 jobs and scheduled to open in 2025. The NGA will make a huge impact on the economy in North City while improving property values and overall area. Now is the time to take advantage of this massive development! The Subject Property is currently operating at a twenty percent cash on cash return, 9.1% cap rate at list price. The owner has done a fantastic job updating units and stabilizing the property, however there's still substantial room to increase rents. Currently the monthly income is $43,000 with the potential to be $51,000 with all residents paying market rents. The units offer, forced heat, central air, washer dry in unit, vinyl flooring, massive floors plans (1,000+SF), updated plumbing and electric, new appliances and kitchens....the list goes on and on.

Additional Information

Elementary School
Clay Elem.
Jr. High School
Yeatman-Liddell Middle School
Sr. High School
Vashon High
Association Fee
0
Construction
Brick Veneer, Brick Veneer
Parking Description
On Street, Parking Lot
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Electric
Price Per Sq. Ft
47.89
Taxes Paid
12960
Selling Terms
Cash Only, Conventional
Buyers Agent Commission
1.5

Mortgage Calculator

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Listing courtesy of Apartment Advisors of America.

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