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 $18,950 a month, with a cap rate of 8.75%, with reasonable proforma numbers approaching 10.28%. Don't miss your opportunity!
Closed
Zillow last checked:
Listing updated:
Bought with:
Thomas J Simcox, 2014004310
Keller Williams Realty West
Source: MARIS,MLS#: 25076055
Originating MLS: St. Louis Association of REALTORS
Originating MLS: St. Louis Association of REALTORSPrice history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Sold | -- |
Source:  MARIS #25076055 Report a problem | ||
| 5/4/2026 | Contingent | $1,645,000$88/sqft |
Source: MARIS #25076055 Report a problem | ||
| 11/14/2025 | Listed for sale | $1,645,000$88/sqft |
Source: MARIS #25076055 Report a problem | ||
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Estimated market value
$627,600
