United StatesMissouriSt. LouisSoulardAddress Restricted By Mls

Address Restricted By Mls
Address Restricted By Mls St. Louis, Missouri 63104 United States

$7,600,000
 Get directions
 
Listing Courtesy of RE/MAX Results Exquisite Trophy property in the heart of Soulard***36 loft-style apartments in an iconic Ittner-designed former school building***Existing Fannie Mae financing to be assumed - 3.62% interest with 8.5 years...
Listing Courtesy of RE/MAX Results
$7,600,000
Change Currency
Annual taxes :
$12,948
61,946 Sq Ft.
Interior
1.59 Acres
Exterior
Commercial
Property type
1906
Year Built
22037009
Web Id
22037009
MLS ID
Soulard
Subdivision
St. Louis City
School District
Peabody Elem.
Elementary
Peabody Elem.
Middle
Vashon High
High
$12,948
Annual taxes

About Address Restricted By Mls

Listing Courtesy of RE/MAX Results

Exquisite Trophy property in the heart of Soulard***36 loft-style apartments in an iconic Ittner-designed former school building***Existing Fannie Mae financing to be assumed - 3.62% interest with 8.5 years remaining - well below current market rates!***Gracious entryway and hallways with impressive scale and elegance - feels like a quality hotel***top-to-bottom renovation in 2017, loft-style apartments with 10-12+ foot ceilings, huge windows providing ample natural lighting, refinished concrete and original hardwood floors, original built-ins from former school days, designer lighting, gym, numerous outdoor spaces on the 1.59 acre lot. Solar panels reduce building electric costs, 33 car gated, secured parking lot plus the nicest 11 car garage you'll ever see. 18.43% projected 10 year IRR with existing loan assumed. 6.21% cap rate and 10.87% cash-on-cash on Y1 proforma. 6.15% cap on May RR. Add in-unit laundry to boost cash-on-cash returns into the 13-14% region. Qualified buyers only

features

cooling
Propane Heating

PROPERTY INFORMATION

Amenities
Some Balc/Some Terrc, Fitness Center
Cooling
Electric
Heating
Forced Air
Parking Description
Space/Unit - 1, Parking Garage, Security Parking
Sewer
Public Sewer
Water
Public

EXTERIOR

Construction
Brick
This St. Louis Commercial is for Sale at $7,600,000 and was built in 1906. Has 61,946 Sq.Ft. on a lot of 1.59 Acres.

 

Listing Courtesy of RE/MAX Results
Listing Courtesy of RE/MAX Results
Contact Agent