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4028 Peck Avenue

St Louis, MO 63107
  • $3,400,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: 21056308
UPDATED: 27 min ago
$3,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 71,000
    SQFT
  • $48
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1986
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

Sportsmans Place Apartments is an amazing opportunity near the National Geospatial Intelligence Agency (NGA), a 1.7 Billion dollar development, employing over 3,000 jobs and scheduled to open in 2025. The NGA will make a huge impact on the economy in North City while improving property values and overall area. Now is the time to take advantage of this massive development! The Subject Property is currently operating at a twenty percent cash on cash return, 9.1% cap rate at list price. The owner has done a fantastic job updating units and stabilizing the property, however there's still substantial room to increase rents. Currently the monthly income is $43,000 with the potential to be $51,000 with all residents paying market rents. The units offer, forced heat, central air, washer dry in unit, vinyl flooring, massive floors plans (1,000+SF), updated plumbing and electric, new appliances and kitchens....the list goes on and on.

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Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-12-06T21:39:03.087.

Blasingame Group | Keller Williams Marquee: (618) 578-9276
www.blasingamegroup.com/homes/120120815
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4028 Peck Avenue St Louis, MO 63107

  • Price: $3,400,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 27 min ago
  • ID#: 21056308
0
Beds
0
Baths
0
½ Baths
N/A
Acres
71,000
SQFT
$48
$/SQFT
1986
Built
Neighborhood:
Fairgrounds
County:
St Louis City
Area:
North
Elementary School:
Clay Elem.
Middle School:
Yeatman-Liddell Middle School
High School:
Vashon High
School District:
St. Louis City
Property Description
Sportsmans Place Apartments is an amazing opportunity near the National Geospatial Intelligence Agency (NGA), a 1.7 Billion dollar development, employing over 3,000 jobs and scheduled to open in 2025. The NGA will make a huge impact on the economy in North City while improving property values and overall area. Now is the time to take advantage of this massive development! The Subject Property is currently operating at a twenty percent cash on cash return, 9.1% cap rate at list price. The owner has done a fantastic job updating units and stabilizing the property, however there's still substantial room to increase rents. Currently the monthly income is $43,000 with the potential to be $51,000 with all residents paying market rents. The units offer, forced heat, central air, washer dry in unit, vinyl flooring, massive floors plans (1,000+SF), updated plumbing and electric, new appliances and kitchens....the list goes on and on.
Exterior Features

Attached Garage YN No Construction Materials Brick VeneerBrick Veneer Lot Size Dimensions 0X0 Lot Size Source County Records Parking Features On StreetParking Lot

Interior Features

Above Grade Finished Area Source Public Records Cooling Electric Heat Source Electric Heating Forced Air Heating YN Yes Interior Drapes/Blinds Laundry Features Lndry Connect All Un

Property Features

Association St. Louis Association Of Realtors Association Fee 0 Association Fee Frequency None Builder Model Low/1-2 Cable Available Yes Cross Street Grand Avenue Disclosures UnknownSellers Discl. Avail Inclusions Building & Land Location City Net Operating Income 310000 Ownership Private Possession Close Of Escrow Property Condition None Property Sub Type Multi-Family 5+ Property Sub Type Additional Apartment ComplexApt Bldg/Exterior En Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 12960 Tax Year 2020 Tenant Pays Cable TvElectricityGas Transaction Type Sale Two Bed Units 68 Water Source Public

Listing provided courtesy of Apartment Advisors Of America. Listing information © 2021 Mid America Regional Information Systems, Inc.
Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-12-06T21:39:03.087.

Blasingame Group | Keller Williams Marquee: (618) 578-9276
 
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