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Price Reduction
Address
5001 South Grand St Louis, MO
Price
$ 775,000
Property Attributes
  • MLS#19016412
  • TypeMulti-Family
  • CountyST LOUIS CITY
  • CitySt Louis
  • AreaSouth City
  • NeighborhoodTacoma Add
  • Zip63111
  • StyleApt Bldg/Interior En
  • Year Built1930
  • Taxes6779
  • Price$ 775,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13226
  • Lot Size7,492 SqFt
Listing Provided Courtesy Of:
Apartment Advisors of America LLC
Property Description

Investors take notice of this 16 residential unit and 3 commercial building located next to St. Mary's High School. Priced at a 9.62% cap rate with 20.33% Cash on Cash. Market and subsidized (predominantly VA) tenants. All tenants have been hand picked and thoroughly screened by the Seller. Easy collections from tenants, NO DELINQUENCIES. Subsidized income alone is $60,276 and on DIRECT DEPOSIT, this will pay the Debt Coverage (mortgage) and 30% of operating expenses. Subsidized tenants only responsible for $50 a month. 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 keeps expenses manageable. 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

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/14/2019 Listed $824,900
3/29/2019 4% - $799,900
4/22/2019 4% - $775,000

General Features

Age 89
Area South City
Cumulative Days on Market 66
School District St. Louis City
Status Active

Interior Features

Cooling Window Unit(s)
Heating Hot Water/Steam

Exterior Features

Acres 0.1720
Style Mid-Rise 3or4 Story
Water Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 63111

Price
AVG $150K
$780K
Taxes
AVG $1,253
$6,779
Visits
AVG 17
33
Year Built
AVG 1911
1930
Walkscore
AVG 60
66
Data Provided by Walkscore ® not using MLS data

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