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$3,750,000
54 Days Online

7024 Pennsylvania Avenue
St Louis, MO 63111

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

SqFt

/SqFt
1899
Built
Subdivision:
Ellers
County:
St Louis City

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Is this the home for you? We can help make it yours.
314-312-1281
7024 Pennsylvania Avenue7024 Pennsylvania Avenue7024 Pennsylvania Avenue7024 Pennsylvania Avenue
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Investment opportunities like this seem to be rare in the current market: turn-key (truly), attractive ROI, and good property management. There are 9 buildings in this 36-unit package: 13 one bed units, 16 two bed units, 3 three bed units, and 4 commercial spaces. All are located within a ¼ mile radius of one another in the Carondelet area and all underwent major renovations about 12 years ago (roof, plumbing, electrical, kitchens, baths, etc.). Due to their condition, amenities, and layouts, these properties easily stay rented - currently fully occupied except 1 unit for showings. With current financials, this portfolio offers a nice return on investment at 5.5+% cap rate. The good news is that current rents are averaging around 5% below market rate creating an opportunity for additional income generation (and this is using conservative rent increases so perhaps there is more wiggle room). If you’ve been looking - THIS IS THE ONE! Duplicate Listing #22052300.

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Listing Snapshot
Price 
$3,750,000
Days Online 
54 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1899
MLS Number 
22051358
Status 
Active
Property Tax 
$26,418
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Construction 
Brick
Parking 
Other
Sewer 
Public Sewer
Acreage 
0
Water 
Public
Attached Garage 
No
SqFt Above 
0
Interior Features
Cooling 
Ceiling Fan(s)Electric
Heating 
Forced Air
Laundry Features 
Prvt Laund some unit
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Exterior Features
Construction Details 
Brick
Community Features
Township 
St. Louis City
MLS Area 
South City
Schools
School District
Unknown
Elementary School
Woodward Elem.
Middle School
Lyon-Blow Middle
High School
Roosevelt High
Listing courtesy of St. Louis Real Estate Society

Neighborhood & Commute
Source: Walkscore
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