Multi-Family for Sale: 815 Ann, St Louis, MO 63104

$7,600,000
$7,600,000
815 Ann, St Louis, MO 63104
$7,600,000
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Walk Score
85
Price:
$7,600,000

Type: Multi-Family
Lot Size: 1.59 acres
Year Built: 1906
Assoc Fee Paid: None

City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Soulard

MLS: 22037009
Status: Active
DOM: 72 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
Taxes Paid: $12,948
Water: Public
Lot Dimensions: 140X462X154X490 ft

Community and Schools

Elementary School: Peabody Elem.
Junior High School: Peabody Elem.
Senior High School: Vashon High

Price History of 815 Ann, St Louis, MO

Date Name Price Difference
06/07/2022 Listing Price $7,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 815 Ann, St Louis, MO

Location Map Street View Walk Score Bird's Eye
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
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Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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