MO > St Louis > Eilers Sub
St Louis, MO 63111,7300 & 7304 Pennsylvania AVE
St Louis, MO 63111,7300 & 7304 Pennsylvania AVE
St Louis, MO 63111,7300 & 7304 Pennsylvania AVE
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$450,000
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6,216 SqFt
Active

7300 & 7304 Pennsylvania AVE St Louis, MO 63111

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Amanda Alejandro

Amanda Alejandro

Realty Shop

+1(636) 544-2288

UPDATED:

12/11/2024 01:15 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,216 sqft

Price per Sqft $72

Subdivision Eilers Sub

MLS Listing ID 24075297

Construction Status 97

Year Built 1927

Building Age 97

Lot Size 7,275 Sqft

Acres 0.167

Lot Dimensions 72x98

Property Description

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.

Location

State MO

County St Louis City

Area South City

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Construction Status 97

Schools

Elementary Schools Woerner Elem.

Middle Schools Lyon-Blow Middle

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing Cash Only, Conventional, Exchange, Private

Listing Terms Cash Only, Conventional, Exchange, Private

Special Listing Condition None

Listed by Tammy Derrigan • Worth Clark Realty

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Amanda Alejandro

+1(636) 544-2288

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