7304 Pennsylvania Avenue

St. Louis, MO 63111

$450,000
Price
Beds
6,216 Sq. Ft.
$72 / Sq. Ft.
6,216
Sq. Ft.
$72
per Sq. Ft.

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....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.
  1. Listed by Tammy Derrigan • Worth Clark Realty

Property Details for 7304 Pennsylvania Avenue

Cross Street
Robert
LISTING UPDATED: 12/10/2024 07:15 PM

Property Details for 7304 Pennsylvania Avenue

StatusActive
MLS #24075297
Days on Market7
Taxes$2,949 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1927
Lot Size0.17 AC / 7,275 SF
CountySt. Louis Independent City

Building Information for 7304 Pennsylvania Avenue

Stories-Residences8Year Built1927Building Size-Lot Size0.17 AC / 7,275 SF

Property Information for 7304 Pennsylvania Avenue

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Directions: GPS friendly
  • Latitude: 38.550025
  • Longitude: -90.256313
  • Location: City
  • Neighborhood: Carondelet
  • Postal Code: 63111
  • State Or Province: MO
  • Sub division Name: Eilers Sub
  • Postal Code Plus 4: 3101
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Prop Asses City Tax: 1
  • Parcel Number: 3055-00-0155-0
  • Tax Annual Amount: $2,949.00
  • Tax Legal Description: C B 3055 PENNSYLVANIA AV 36.20 FT X 97.92 FT EILERS ADDN BLK 26 BND N-ROBERT AV
  • Tax Year: 2024
Owner
  • Township: St. Louis City
  • Owner Name: Could be you!
Parking
  • Attached Garage: No
  • Parking Features: On Street
School Information
  • Elementary School: Woerner Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Lyon-Blow Middle
Property
Lot Information
  • Lot Size Acres: 0.167
  • Lot Size Dimensions: 72x98
  • Lot Size Source: County Records
  • Lot Size Square Feet: 7275.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 6216.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 2
  • Photos Count: 38
  • Videos Count: 0
  • Year Built: 1927
  • Disclosures: Unknown,City,Code Compliance Reqd,Flood Plain No,Occupancy Perm Req,Sellers Discl. Avail
  • Age: 97
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cable Available: 1
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: 3 Rooms or Less,Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • Bedroom number of Units: 6
  • TYPE: Apt Bldg/Interior En
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: 4 Rooms or Less,Eat-In Kitchen,Living/Great Room,Refrigerator,Range/Oven
  • Two Bed Unit Units: 2
Income & Expenses
  • Net Operating Income: $35,866.00
  • Total Expenses: 30134.00
Rental
Rent Information
  • Lease Term: Leases, Month To Month
  • Sub Lease: 0
  • Tenant Pays: Electricity, Gas

Property History for 7304 Pennsylvania Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7304 Pennsylvania Avenue

Taxable ValueLand$1,080Additions$13,530Total$14,610
Tax Record2020$1,224 ($102 / month)
Home Facts
Baths4Total Finished SqFt3,108 SqFtAbove Grade Finished SqFt3,108 SqFtStories2Lot Size3,966 SqFtStyleQuadraplexYear Built1927Year Renovated1930ZoningBCountySAINT LOUIS CITYAPN30550001450

Schools near 7304 Pennsylvania Avenue

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Woerner Elementary School
PublicPK to 5

Lyon At Blow Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

Carnahan School Of The Future
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

7304 Pennsylvania Avenue is a multi-family home for sale in St. Louis, MO 63111. This property was listed for sale on December 11, 2024 by Worth Clark Realty, it's currently listed at $450,000. This listing's school district is St. Louis City School District. Nearby schools include Woerner Elementary School, Lyon At Blow Elementary School and Roosevelt High School. 7304 Pennsylvania Avenue is a 0-bed, 0-bath, 6,216 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Worth Clark Realty

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.