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7300-7306 Pennsylvania Ave
Saint Louis, MO 63111

$450,000 USD

Apartments For Sale • 7,246 SF

Property Details

Property Type Apartments
Total Building Size 6,216 SF
Lot Size 0.36 AC
Building Class C
Year Built 1927
Cap Rate 7.97 %
Zoning B

38 Transit Score

76 Walk Score

                
                    Highlights
                
                                Partially rehabbed
                            
                                six 1/1 units and two 2/1 units
                            
                                Sellers rehabbed 3 units, partially rehabbed 3 more, and installed 4 new window units, water heater, stove, & fridge
                            
                                pex water lines, some PVC stacks, copper & romex wiring, gas furnaces, gas & electric water heaters, and some updated windows
                            
                                value-add opportunity with some heavy lifting already done
                            
                                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

Property Flyers

Rental Property Verification

Cap Rate:

7.97 %

Amenities

Eat-in Kitchen
Hardwood Floors
Basement

Public Transportation

Commuter Rail	Drive	Walk	Distance
Shrewsbury-Lansdowne (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink))	12 min	-	5.3 mi
Grand (Lambert Airport Shiloh-Scott - St. Louis MetroLink (MetroLink), Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink))	12 min	-	7.9 mi
Airport	Drive	Walk	Distance
St Louis Lambert International	32 min	-	21.5 mi
Scott AFB/Midamerica St Louis	48 min	-	31.7 mi

Tammy Derrigan 314-518-4347 Worth Clark Realty

7300-7306 Pennsylvania Ave Saint Louis, MO 63111