3805 and 3821 Itaska are being offered as a package (only) for a total of 24 units, with a Cap Rate at 9.5 based on ACTUAL rents. Convenient South City location with mature landscaping and sitting right across the street from St. Mary's Baseball field gives and extra park-like feel to the area. Both buildings have new TPO Roofs in 2022 with 20 year warranties and have had some sewer repairs in recent years. Potential to raise rents at lease ends/turnover and reach over 12% Cap rate.
Ready for you to take over and start receiving income. We have a lender who's reviewed the offering and ready to lend, potentially at a 6.5% interest rate if you'd like the connection! Please obtain attachments and financials available for review before making any offer. Seller is not interested in any form of seller financing.
Lot & Building Features
ConstructionBrick
CoolingElectric, Wall Unit(s)
Heat SourceGas
HeatingForced Air
Parking DescriptionParking Lot
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensionsirr
Community and Schools
Elementary SchoolWoodward Elem.
Junior High SchoolLong Middle Community Ed. Center
Senior High SchoolRoosevelt High
Price History of 3805 Itaska Street, St Louis, MO
Date
Name
Price
Difference
04/29/2024
Listing Price
$1,600,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
3805 Itaska Street (MLS #24025642) is a multi-family listing located in St Louis, MO.
This multi-family listing is on a lot of 16,235 sqft (or 0.37 acres) and is 62 years old. This property was listed on 04/29/2024 and has been priced for sale at $1,600,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: Real Broker LLC
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