Closed

Listed by: CBRE • Corey M Egan • 314-655-6048

Bought with: Apartment Advisors of America LLC

Price Unknown

6265 Gravois Ave, Saint Louis, MO 63116

3beds

2baths

9,675sqft

Condominium, Multi Family

Built in 1970

-- sqft lot

$1,304,100 Zestimate^®

$--/sqft

$1,248 Estimated rent

Home value

$1,304,100

$1.15M - $1.45M

$1,248/mo

Zestimate^® history

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$1,248/mo

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$1,248/mo

Rent Zestimate^®

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What's special

GREAT STABILIZED ASSET W/ LIGHT VALUE-ADD OPPORTUNITY, 6.8% CAP RATE - 16 UNITS, 2 BUILDINGS IN THE PRINCETON HEIGHTS NEIGHBORHOOD OF ST. LOUIS, MO! This garden-style property features 14 one bedroom one baths and 2 two bedroom one bath apartments. Unit upgrades have recently been completed to all units including new hardwood flooring, kitchen/bathroom remodeling and fresh paint. Each building contains a basement with coin-operated laundry and storage units for tenants. The property is located at a highly-visible South City intersection surrounded by a vibrant business district brimming with local shops, eateries, cafes, restaurants, parks, and more. Perfect for self-managed local investor. The property has had consistent high occupancy with impressive rent growth.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Natural Gas, Forced Air

Cooling

Central Air, Electric

Appliances

Included: Gas Water Heater
Laundry: Other, Common Area

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 9,675
Total interior livable area: 9,675 sqft
Finished area above ground: 9,675

Property

Parking

Parking features: RV Access/Parking, On Street, Open, Parking Lot
Has uncovered spaces: Yes

Lot

Size: 0.27 Acres
Dimensions: 110 ft x 121 ft

Details

Parcel number: 52940002200
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Mid-Rise 3or4 Story
Property subtype: Condominium, Multi Family

Materials

Brick, Concrete, Block, Frame

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Princeton Heights

Location

Region: Saint Louis

Financial & listing details

Annual tax amount: $7,130
Date on market: 7/12/2023
Cumulative days on market: 133 days
Listing terms: Cash,Conventional,1031 Exchange
Inclusions: Building, Land
Ownership: Private
Tenant pays: Cable TV, Electricity, Gas

Price history

Date	Event	Price
10/14/2024	Listing removed	$950
Source: Zillow Rentals Report a problem
11/22/2023	Sold	--
Source: MARIS #23041329 Report a problem
6/28/2023	Listing removed	--
Source: Zillow Rentals Report a problem
3/9/2023	Listed for rent	$950
Source: Zillow Rentals Report a problem
2/28/2023	Listing removed	--
Source: Zillow Rentals Report a problem
11/15/2022	Listed for rent	$950+46.2%
Source: Zillow Rental Manager Report a problem
9/15/2022	Listing removed	--
Source: Owner Report a problem
8/25/2022	Listed for sale	$1,800,000+89.5%$186/sqft
Source: Owner Report a problem
4/28/2021	Sold	--
Source: MARIS #21005148 Report a problem
3/11/2021	Pending sale	$950,000$98/sqft
Source: RE/MAX International #21005148 Report a problem
2/22/2021	Listed for sale	$950,000$98/sqft
Source: RE/MAX Results #21005148 Report a problem
7/31/2019	Sold	--
Source: Agent Provided Report a problem
2/15/2016	Listing removed	$650
Source: Zillow Rental Network Report a problem
10/17/2015	Listed for rent	$650+13%
Source: Zillow Rental Network Report a problem
7/18/2013	Listing removed	$575
Source: Zillow Rental Network Report a problem
1/21/2013	Listed for rent	$575
Source: Hotpads for Rent Report a problem