BEDS0
BATHS
SQUARE FEET18,774
MLS#25076055
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGrand Gravois Park
SCHOOLSt Louis City
Property Description
If you've been trying to find a GOOD INVESTMENT opportunity, you'll want to take a closer look at 3900 Ray. With its mix of one, two, and three bedroom apts. (28 units total), along with its on target pricing, the property offers a new owner a realistic chance at earning a decent return. The reasonable rent rates, off-street parking, centralized location, and unit amenities translate into a LOW VACANCY rate year after year. When vacancies do come up, the units are easy to fill even in the slower months. Plus, the property underwent a massive renovation with major updates to the plumbing, electrical, HVAC (central heating & cooling), and windows throughout. MODERN SYSTEMS offer peace of mind for everyone: less maintenance calls for owners and lower utilities bills for tenants. It's been really hard to find a good deal like this one in the current real estate market. Current rent roll at appx $18,950 a month, with a cap rate of 8.75%, with reasonable proforma numbers approaching 10.28%. Don't miss your opportunity!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Interior Entry, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Central Air, Electric
Heating: Electric, Forced Air
Home Style: Historic, Low/1-2
Lot Size: 0.41 Acres
Taxes: $12,054
Year Built: 1929
Feature Descriptions
Appliances: Electric Range, Refrigerator
Days on Site: 154
Exterior: Brick
Laundry: Electric Dryer Hookup, Multiple Locations, Washer Hookup
Parcel#: 6148-00-0260-1
Parking: Off Street, On Street, Parking Lot
Parking Notes: Off Street, On Street, Parking Lot
SQFT. Above Grade: 18774
Water: Public
Window: Insulated Windows
Local Schools
High School: Roosevelt High
Middle School: Long Middle Community Ed. Center
Elementary School: Oak Hill Elem.
School District: St Louis City
Listed By / Shown
Listed By
Agency Name: St. Louis Real Estate Society
Shown By
Agent Name: Mike Sharpe
Agent Phone: (573) 721-0944
Agency Title: Trophy Properties & Auction
Estimate Your Payment
Estimated Payment
$ 5,145.35 per month $3,661.06 Principal & Interest $1,004.50 Property Tax $479.79 Homeowner's Insurance
3900 Ray Avenue | MLS# 25076055
This multi-family property located at 3900 Ray Avenue, Saint Louis, MO 63116 is currently listed for sale with an asking price of $1,645,000. Ray Avenue is located within the St Louis City school district. Search Saint Louis real estate on msharpe.trophypa.com today.