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33311991
33311992

2900-2906 Pestalozzi, St. Louis, MO 63118

PW
2004025204
Wood Brothers Realty
Listed by Wood Brothers Realty
$745,000
1 day on market
Updated 1 day ago

2900-2906 Pestalozzi

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,400
Units 8
Beds 1
Cap Rate 7.99%
NOI $59,554
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.77%
Pro-Forma NOI $65,374
Year Built 1927
Year Renovated 2021
Acreage 0.144
Investment Type Stabilized

Multifamily | 7.99% CAP | 8 Units

Marketing description

Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood.

Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer.

The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy.

Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres).

Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space.

All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout.

Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof.

Investment highlights

  • Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood.
  • Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer.
  • The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy.
  • Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres).
  • Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space.
  • All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout.
  • Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof.

Listing Contacts

PW
2004025204
Wood Brothers Realty
Listed by Wood Brothers Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$59,553.56
$4,962.80/mo

Valuation Metrics

0
DSCR
7.99%
Cap Rate
7.99%
ROI

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