Price Reduction
Address
3701 Cook Avenue St Louis, MO
Price
$ 239,000
Property Attributes
  • MLS#21020563
  • TypeCommercial
  • CountyST LOUIS CITY
  • CitySt Louis
  • AreaNorth
  • NeighborhoodGoffs James B Add
  • Zip63113
  • StyleChurch,Office/General,Office Showroom,Retail Opera
  • Year Built1924
  • Taxes4256
  • Price$ 239,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,835 SqFt
Listing Provided Courtesy Of:
Invest St. Louis
Data Source:
Mid America Regional Information Systems
Property Description

Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant. There is an apartment on the second floor that is currently being used as additional office space for the daycare. --

Price History
4/9/2021 Listed $249,000
4/30/2021 5% - $239,000

General Features

Acres 0.1110
Age 97
Area North
Attached Documents 4
Cooling Central-Electric
Cumulative Days on Market 26
Roof Flat
Status Active
Zone C

Interior Features

Heating Forced Air

Exterior Features

Bathrooms 0.00
Road Frontage 172
Water Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 63113

Price
AVG $140K
$240K
Taxes
AVG $2,212
$4,256
Visits
AVG 16
2
Year Built
AVG 1952
1924

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