3935 S Grand, St Louis, MO 63118

$550,000
List Price
$550,000
Days on Market
31
MLS#
MAR21076632
Status
ACTIVE
Lot Size
5,706
Sq. Ft. Above
23,900
Acres
0.131
Subdivision
Belz Add
Municipality
St. Louis City
School District
St. Louis City
County
St Louis City
Year Built
1926
Listing Type
Commercial

Property Description

Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. There are a number of renovation projects happening in the area and rents have steadily raised over time. Built in 1926 with seven 2 bed apartments, seven 1 bed apartments, 3 studios and two commercial spaces. The commercial spaces are 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft gross. The Building has been gutted and is ready for rehab and permits have already been approved for construction. Projected market rent after renovation is $850 for the 2 beds, $750 for the 1 beds, $650 for the studios, $1,920 and $1,480 for the commercial spaces. The building has a garage on the first floor for the tenants. There are building plans available to review. Property needs a full renovation and is being sold as-is.

Additional Information

Elementary School
Froebel Elem.
Jr. High School
Fanning Middle Community Ed.
Sr. High School
Roosevelt High
Association Fee
0
Construction
Brick
Parking Description
On Street, Parking Garage
Lot Dimensions
57x125x94x130
Sewer
Public Sewer
Heating
None
Water
Public
Heat Source
Other
Price Per Sq. Ft
23.01
Taxes Paid
4066
Selling Terms
Cash Only, Conventional, Exchange, Private, Other
Transaction Agent Commission
2.7
Buyers Agent Commission
2.7

Mortgage Calculator

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Listing courtesy of Invest St. Louis.

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