Multi-Family for Sale: No Address Listed, St Louis, MO 63104 SOLD
61,946 sqft
$7,200,000
$7,200,000
No Address Listed,
St Louis, MO 63104 SOLD
61,946 sqft
$7,200,000
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Selling Price: $7,200,000
Original List Price: $7,600,000
Sold at 94.7% of list price
Sold Date: 01/27/2023
Type Multi-Family
Total Living Area 61,946 sqft
Lot Size 1.59 acres
Year Built 1906
Assoc Fee Paid None
Taxes Paid $12,948
City St Louis
Area South City
County St Louis City
MLS 22037009
Status Closed
DOM 120 days
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
Lot & Building Features
Assoc Fee Paid None
Construction Brick
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Parking Garage, Space/Unit - 1, Security Parking
Sewer Public Sewer
Tax Year 2021
Water Public
Lot Dimensions 140X462X154X490 ft
Community and Schools
Junior High School Peabody Elem.
Senior High School Vashon High
Price History of No Address Listed, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
06/07/2022 | Listing Price | $7,200,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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