7300 & 7304 Pennsylvania Avenue, St Louis, MN 63111
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Other
THB ฿15,225,750
USD $450,000
Published on: 11 Dec 2024
Last updated on: 11 Dec 2024
Property ID: 110096216463
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Multi-Family 5+ - St Louis, MO
7300 & 7304 Pennsylvania Avenue, St Louis, MO 63111
The French settlement of Carondelet (est. 1757) enjoys a rich history and overlooks the Mississippi River. In the heart of it all is this 6,216 sf brick building with six 1/1 units and two 2/1 units. One was a storefront so the layout is different. Sellers rehabbed 3 units, partially rehabbed 3 more, and installed 4 new window units, water heater, stove, one is vacant and needs rehab due to a problem tenant. This is a value-add opportunity with some heavy lifting already done. Tenants enjoy living minutes from Carondelet Park, restaurants like Stacked STL, Perennial Artisan Ales, River City Casino, and I-55. Using a pro forma $750 for vacancies, annual income is 66,000 - operating expenses of 30,134 = NOI of 35,866, a 7.9% cap rate at asking price. Ask your agent for financials available in the listing.
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Land Size
675.83 m2
Building Size
577.49 m2
Year Built
1927
Architecture Style
Other
County
St Louis City
Parcel ID
3055-00-0155-0
Provider
MARIS
Subdivision
Eilers Sub
Brokerage Office Name
Worth Clark, Inc.
Brokerage Office Phone
(800) 991-6092
Neighbourhoods
South City
Address
7300 & 7304 Pennsylvania Avenue, St Louis, MN 63111
Nearby Schools
| Type | School name | District name |
|---|---|---|
| High | Roosevelt High | Not available |
| Not available | Not available | Not available |
| Elementary | Woerner Elem. | Not available |
| Not available | Not available | Not available |
| Middle | Lyon-Blow Middle | Not available |
| Not available | Not available | Not available |
| Juniorhigh | Lyon-Blow Middle | Not available |
| Not available | Not available | Not available |
Tax History
| Year | Tax amount | |
|---|---|---|
| 2024 | USD $2949 | THB ฿99,779* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither thinkofliving.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. thinkofliving.com recommends that you independently verify any information before relying on it.
Contact Agent
Tammy Derrigan
Contact Agent
Contact Agent
Email enquiry to Worth Clark Realty
Tammy Derrigan
100 Chesterfield Bus Pkwy 2 Fl, Chesterfield, MO 63005
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Property ID: 110096216463
Data provided by MARIS, MLS #: 24075297
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