7304 Pennsylvania Avenue
$450,000
—
6,216
6,216
$72
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.
- 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
Status | Active |
---|---|
MLS # | 24075297 |
Days on Market | 7 |
Taxes | $2,949 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1927 |
Lot Size | 0.17 AC / 7,275 SF |
County | St. 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
Property History for 7304 Pennsylvania Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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