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$775,000
0
Beds
0
½ Baths
13,226
Sq Ft
1930
Built

5001 South Grand
St Louis, MO 63111

Tacoma Add - St Louis City County
Multi-Family 5+ For Sale
Active - a month online

Investors take notice of this 16 residential unit and 3 commercial building located next to St. Mary's High School. Priced at a 9.62% cap rate with 20.33% Cash on Cash. Market and subsidized (predominantly VA) tenants. All tenants have been hand picked and thoroughly screened by the Seller. Easy collections from tenants, NO DELINQUENCIES. Subsidized income alone is $60,276 and on DIRECT DEPOSIT, this will pay the Debt Coverage (mortgage) and 30% of operating expenses. Subsidized tenants only responsible for $50 a month. Building includes a brand new high efficiency boiler with sensors in every unit that allow the owner to manage the output. All new vinyl windows and many updated sub panels. New interior lighting that can either be set on a timer or with motion detection keeps expenses manageable. Offer Memorandum and rent roll provided upon request. US Bank has provided the following terms (based on qualified credit): - 3 year term @ 4.9% APR - 5 year term @ 5.1% APR

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Recent Activity
16 hours agoListing updated with changes from the MLS
yesterdayPrice changed to $775,000
4 weeks agoPrice changed to $799,900
a month agoListing first seen online
Listing Snapshot
Price
$775,000
Days Online
40 Days
Bedrooms
N/A
Bathrooms
N/A
Half Bathrooms
N/A
Inside Area (SqFt)
13,226 sqft
Lot Size
0.172 Acres
Year Built
1930
MLS Number
19016412
Property Tax
$6,779
HOA Fees
N/A
Sq Ft Source
County Records
General Features
Acres
0.172
Parking
On Street Parking
Interior Features
Cooling
Window Unit(s)
Heating
Hot Water/Steam
Schools
School District
St. Louis City
Elementary School
Woodward Elem.
Middle School
Lyon-Blow Middle
High School
Roosevelt High
Data Last Updated on Wed Apr 17 2019 21:45:08
Neighborhood & Commute

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