Grand Apartments

$749,900
Featured Listing
  • Price $749,900
  • Property Type Multi-Family
  • Property status Featured Listing
  • Units 19

Address

Address: 5001 South Grand Boulevard St. Louis
  • Country: United States
  • Province / State: Missouri
  • Postal code / ZIP: 63111
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Description



UNIT MIX & ANNUAL SCHEDULED INCOME

UNIT TYPE APPROX.SQFT AVG RENTS MONTHLY MKT RENTS TOTAL
8 1 Bedroom / 1 Bathroom 675 623 4,984 650 5,200
3 Commercial 742 707 2,121 750 2,250

ANNUALIZED INCOME

Description Actual Pro
Gross Potential Rent $138,732 $143,160
Less: Vacancy ($13,873) ($11,453)
Effective Gross Income $124,859 $131,707
Less: Expenses ($52,717) ($53,815)
Net Operating Income $72,142 $77,893
Debt Service ($48,630) ($48,630)
Net Cash Flow after Debt Service $23,512 $29,263
Principal Reduction $12,650 $12,650
Total Return $36,162 $41,913

UNIT


  • Mixed Use Building with 16 Residential and 3 Commercial Units

  • Located next to St. Mary's High School

  • All New Vinyl Windows

  • New High Efficiency Boiler

  • New Electric Sub Panels

  • New Timed and / or Motion Sensing Common Lighting

  • Roofing Recently Treated

  • Offered at a 9% Cap with 15% Cash on Cash ROI

MEMORANDUM

To receive a detailed Offering Memorandum, please fill out and submit the form below. We will send you an email with PDF attachment (must have Acrobat Reader). Thank you for your interest!

Contact

Nicholas F. Smyrniotis

Property Agent
1750 S. Brentwood Blvd Suite 600 St. Louis MO 63144
(314) 254-8961
nick@mo-apartmentadvisors.com
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