3701 Cook Ave, St. Louis, MO 63113
$239,000 (Listed Sold)

Mixed-Use Opportunity In Grand Center District

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Invest in St. Louis

Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant.

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Property Location

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Property Details:
Square Footage: 4405 County: St. Louis City Units: 1-4 Condition: Turn Key Occupancy: Fully Occupied Parking: Off Street Parking, On Street Parking Heating: Gas Heat Cooling: Central Electric Construction: Brick Basement: Stone
Home Amenities:
  • Laminate Floors
  • Carpet
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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