Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1929
Sq.Footage
18,774
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 $18,765 a month, with a cap rate if 8.07%, with reasonable proforma numbers appraching 9.71%. Don't miss your opportunity!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
18774.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Off Street, On Street, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.408
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Historic, Low/1-2
Price
-
Sales Price
$1,645,000
-
Tax Amount
$12,054.95
-
Sq. Footage
18, 774
-
Price/SqFt
$87
HOA
-
Association
No
School District
-
Elementary School
Oak Hill Elem.
-
Middle School
Long Middle Community Ed. Center
-
High School
Roosevelt High
Property Features
-
Foundation Details
Stone
-
Senior Community YN
NO
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
St Louis City
Elementary School
Oak Hill Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Listing Courtesy of Riahna Kastner , St. Louis Real Estate Society
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
Colleen Brown
Call Colleen today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Related Properties
St Louis
1722-28 Waverly Place
None Beds
None Baths
10,424 Sq.Ft.
$1,350,000
MLS#: 26017482
St Louis
8124-8130 Roxburgh Drive 1E, 1W, 2E, 2W
None Beds
None Baths
8,960 Sq.Ft.
$1,700,000
MLS#: 26015466
St Louis
5841 Cabanne
None Beds
None Baths
23,466 Sq.Ft.
$1,850,000
MLS#: 26006163
St Louis
5225 Southwest Avenue
None Beds
None Baths
14,991 Sq.Ft.
$1,525,000
MLS#: 26000608
St Louis
735 Shenandoah Avenue
None Beds
None Baths
17,433 Sq.Ft.
$1,400,000
MLS#: 25048856
