Listing Courtesy of: Tammy Derrigan - Worth Clark Realty 222-0065
$450,000 affordable loan icon Calculate Payment

7300 & 7304 Pennsylvania Avenue St Louis, MO 63111

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Multi-Family Residence
Beds
Baths
Sq. Ft.
0.17 Acre Lot
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Last updated on 1/10/2025 3:14 PM

Listing Details

The French settlement of Carondelet (est. 1757) enjoys a rich history and overlooks the Mississippi River. In the heart of it all is this 6,216 sf brick building with six 1/1 units and two 2/1 units. One was a storefront so the layout is different. Sellers rehabbed 3 units, partially rehabbed 3 more..., and installed 4 new window units, water heater, stove, & fridge. You’ll find pex water lines, some PVC stacks, copper & romex wiring, gas furnaces, gas & electric water heaters, and some updated windows. One unit is vacant for showing; one is vacant and needs rehab due to a problem tenant. This is a value-add opportunity with some heavy lifting already done. Tenants enjoy living minutes from Carondelet Park, restaurants like Stacked STL, Perennial Artisan Ales, River City Casino, and I-55. 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. Ask your agent for financials available in the listing. Continue reading
MLS#
24075297
Property Type
Multi-Family
Year Built
1927
Lot Size
0.17
Sewer
Public Sewer
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Listing Courtesy of: Tammy Derrigan - Worth Clark Realty 222-0065
Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067

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