3805 Itaska Street
St Louis, MO 63116
Listed: April 29, 2024 (18 days)
Text for showing or question.

$1,600,000
MLS# 24025642
Commercial Sale
Status: Under Contract

3805 Itaska Street
St Louis, MO 63116

$1,600,000
Status: Under Contract
Text for showing or question.

Bedrooms

Beds

Bathrooms

Bath

14835

Sq Ft Above Grade

Sq Ft

0.372
Acres

MLS# 24025642

Days On Market: 18

Listed: Monday April 29, 2024 (18 days)

Times this home has been viewed: 118

3805 and 3821 Itaska are being offered as a package (only) for a total of 24 units, with a Cap Rate at 9.5 based on ACTUAL rents. Convenient South City location with mature landscaping and sitting right across the street from St. Mary's Baseball field gives and extra park-like feel to the area. Both buildings have new TPO Roofs in 2022 with 20 year warranties and have had some sewer repairs in recent years. Potential to raise rents at lease ends/turnover and reach over 12% Cap rate. Ready for you to take over and start receiving income. We have a lender who's reviewed the offering and ready to lend, potentially at a 6.5% interest rate if you'd like the connection! Please obtain attachments and financials available for review before making any offer. Seller is not interested in any form of seller financing.

Property Description

Photo: 3