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.
Photo of Emmett Coleman
Direct: 314-629-1321
Office
2242 Thurman Ave
Saint Louis, MO 63110
314-772-8407
Listed by RE/MAX Results, Paul Cunningham & Patrice TenBroek
Sold by RE/MAX Results, Paul Cunningham
$
20%
0.17983333333333%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Maris

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