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$7,600,000
116 Days Online

Address Withheld

For Sale|Commercial|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1906
Built
Subdivision:
Soulard
County:
St Louis City

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Call Now: 314-312-1281
Is this the home for you? We can help make it yours.
314-312-1281
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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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Listing Snapshot
Price 
$7,600,000
Days Online 
116 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.59 Acres
Year Built 
1906
MLS Number 
22037009
Status 
Active Under Contract
Property Tax 
$12,948
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
County Records
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
a month agoStatus changed to Active Under Contract
4 months agoListing first seen online
General Features
Construction 
Brick
Parking 
Space/ Unit - 1Parking GarageSecurity Parking
Sewer 
Public Sewer
Acreage 
1.59
Water 
Public
Cross Street 
S 9th
Attached Garage 
No
SqFt Above 
61946
Interior Features
Cooling 
Electric
Heating 
Forced Air
Laundry Features 
Common Laundry
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Exterior Features
Construction Details 
Brick
Community Features
Association Dues 
0
Association Amenities 
Some Balc/ Some TerrcFitness CenterSome Balc/Some Terrc
Township 
St. Louis City
MLS Area 
South City
Schools
School District
Unknown
Elementary School
Peabody Elem.
Middle School
Peabody Elem.
High School
Vashon High
Listing courtesy of RE/MAX Results

Neighborhood & Commute
Source: Walkscore
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