Multi-Family for Sale: 8009 Gravois Road, St Louis, MO 63123

8,346 sqft
$1,175,000
$1,175,000
8009 Gravois Road, St Louis, MO 63123
8,346 sqft
$1,175,000
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Walk Score
61
Price:
$1,175,000

Type: Multi-Family
Square Feet: 8,346 sqft
Lot Size: 0.43 acres
Year Built: 1959
Taxes Paid: $8,073

City: St Louis
Area: Gasconade
County: St Louis
School District: Bayless
Subdivision: Milentz Lt Pts 1-6 & Lt Pt A & Ludewig

MLS: 22012821
Status: Active
DOM: 37 days
A great deal for any investor, this 18 unit apartment complex holds the promise to be a real money maker. With market rents of $625/unit & a CAP rate of near 9%, profits are highly favorable compared to rentals in the area. All units are ~650 sqft, w/ 1 bed, 1 bath, & tons of updates in the past 2 years. Updates include new flooring, new water heaters in most, new heating & cooling wall units in most, as well as new kitchens in most. The building as a whole has also been kept up to date: a new TPO roof, new soffit, & new facia installed by the current owner. A huge bonus, every unit has passed occupancy inspections within the past 6 months & 15 units are currently occupied, w/ the remaining 3 currently being marketed for rent. As an added point of value, the building has 6 possible washer/dryer coin laundry locations, only 1 of which is currently in use. With great market rents, so many great updates, plus very low maintenance & turnover cost on these units, this one is a no-brainer!

Lot & Building Features

Cooling: Wall Unit(s)
Heat Source: Electric
Heating: Baseboard, Other/None
Parking Description: Unassigned
Sewer: Public
Tax ID: 25H-42-1002
Tax Year: 2021
Taxes Paid: $8,073
Water: Public
Water Heater: Gas
Lot Dimensions: unknown

Community and Schools

Elementary School: Bayless Elem.
Junior High School: Bayless Jr. High
Senior High School: Bayless Sr. High

Price History of 8009 Gravois Road, St Louis, MO

Date Name Price Difference
04/12/2022 Listing Price $1,175,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 8009 Gravois Road, St Louis, MO

Location Map Street View Walk Score Bird's Eye
Photo of Jan Curtis Team
Direct: 314-952-4663
Office
1895 Richardson Rd
Arnold, MO 63010
636-296-1444
Listed by Keller Williams Chesterfield, Adam Droege
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0.68706382978723%
4.5%
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Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams Chesterfield

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