815 Ann, St Louis, MO 63104
- $7,600,000
- List Price
- $7,600,000
- Days on Market
- 117
- MLS#
- MAR22037009
- Status
- PENDING
- Lot Size
- 69,260
- Sq. Ft. Above
- 61,946
- Acres
- 1.59
- Subdivision
- Soulard
- Municipality
- St. Louis City
- School District
- St. Louis City
- County
- St Louis City
- Year Built
- 1906
- Listing Type
- Commercial
Property Description
Exquisite Trophy property in the heart of Soulard***36 loft-style apartments in an iconic Ittner-designed former school building***Existing Fannie Mae financing to be assumed - 3.62% interest with 8.5 years remaining - well below current market rates!***Gracious entryway and hallways with impressive scale and elegance - feels like a quality hotel***top-to-bottom renovation in 2017, loft-style apartments with 10-12+ foot ceilings, huge windows providing ample natural lighting, refinished concrete and original hardwood floors, original built-ins from former school days, designer lighting, gym, numerous outdoor spaces on the 1.59 acre lot. Solar panels reduce building electric costs, 33 car gated, secured parking lot plus the nicest 11 car garage you'll ever see. 18.43% projected 10 year IRR with existing loan assumed. 6.21% cap rate and 10.87% cash-on-cash on Y1 proforma. 6.15% cap on May RR. Add in-unit laundry to boost cash-on-cash returns into the 13-14% region. Qualified buyers only
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Additional Information
- Elementary School
- Peabody Elem.
- Jr. High School
- Peabody Elem.
- Sr. High School
- Vashon High
- Association Fee
- $['0']
- Construction
- Brick
- Parking Description
- Space/Unit - 1, Parking Garage, Security Parking
- Lot Dimensions
- 140X462X154X490
- Amenities
- Some Balc/Some Terrc, Fitness Center
- Cooling
- Electric
- Sewer
- Public Sewer
- Heating
- Forced Air
- Water
- Public
- Heat Source
- Electric
- Price Per Sq. Ft
- 122.69
- Taxes Paid
- 12948
- Selling Terms
- Assumable
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Listing courtesy of RE/MAX Results.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
