3225 Ashby, St. Ann, MO 63074
$950,000 (Listed Sold)

20 Unit Apartment Complex For Sale

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Invest in St. Louis

Opportunity to purchase a well maintained 20 unit apt complex in St. Ann located across the street from Tiemeyer Park. The building located in a quiet neighborhood surrounded by single family homes is comprised of 16 one bed apts and 4 two bed apts with central AC and 25 parking spots. The building has had a number of recent capital improvements including exterior and interior electric updating throughout, a new retaining wall running the length of the property and updates to a number of the apts. Rents have been raised to as much as $675 for the 2 beds and $550 for the 1 beds so there is the ability to raise rents. With rents at $675 for the 2 beds and $550 for the 1 beds fully rented the building would generate $138,000 annually. There is only currently one vacancy while a unit is being rehabbed, there is a history of high occupancy rates. Projected income for 2019 is $130,000 with projected expenses at $32,680 for a net potential income of $97,320 which would be a 10% cap rate.

Paying buyers agents 2.00%

Supplemental Documents

Property Location

950000 | 3225 Ashby, St. Ann, MO 63074

Anafi 1.5.4

950000 | 3225 Ashby, St. Ann, MO 63074

Anafi 1.5.4

950000 | 3225 Ashby, St. Ann, MO 63074

Anafi 1.5.4

950000 | 3225 Ashby, St. Ann, MO 63074

Anafi 1.5.4

Property Details:
Square Footage: 23,262 County: St. Louis County Units: 20+ Condition: Turn Key Occupancy: Fully Occupied Parking: Parking Lot Heating: Gas Heat Cooling: Central Electric Construction: Brick, Stone Basement: Other
Home Amenities:
  • Microwaves
  • Fridge
  • Stove
  • Washer/Dryer Hookup
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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