Multi-Family for Sale: 3225 Ashby Road, St Ann, MO 63074 SOLD

15,508 sqft
$1,445,000
$1,445,000
3225 Ashby Road, St Ann, MO 63074 SOLD
15,508 sqft
$1,445,000
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Walk Score
36
Selling Price: $1,445,000
Original List Price: $1,499,000
Sold at 96.4% of list price
Sold Date: 01/13/2023

Type: Multi-Family
Square Feet: 15,508 sqft
Lot Size: 0.67 acres
Year Built: 1964

City: St Ann
Area: Ritenour
County: St Louis
School District: Ritenour
Subdivision: Ashby Heights Apartments

MLS: 22064551
Status: Closed
DOM: 107 days
Ashby Heights Apartments is a 20-unit apartment complex property at 3225-33 Ashby Rd, in St. Louis, Missouri. Ashby Heights offers a tremendous value add opportunity with a proven cosmetic update plan. 6 of the 20 units have already been updated and are experiencing incredible demand from the rental market. Ashby Heights Apartments has an in place cap rate of 7.03% and once the cosmetic update plan has been completed, an 8.40% unlevered yield on cost ($1,499,000 purchase + $9,000 x 14 units = $1,625,000 total cost). The property offers abundant off-street parking (+/- 25 spaces). A new coin operated laundry room has been added to the basement to serve non-updated units while the renovation plan is executed. All units have central air conditioning and heat. The property has walk out basements that provide an option for an owner to offer storage to tenants for additional income.

Lot & Building Features

Construction: Brick Veneer
Cooling: Electric, Gas
Heat Source: Gas
Heating: Forced Air
Parking Description: Parking Lot, Space/Unit - 1
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $18,733
Water: Public
Lot Dimensions: N/A

Community and Schools

Elementary School: Buder Elem.
Junior High School: Hoech Middle
Senior High School: Ritenour Sr. High

Price History of 3225 Ashby Road, St Ann, MO

Date Name Price Difference
10/04/2022 Listing Price $1,445,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3225 Ashby Road, St Ann, MO

Location Map Street View Walk Score Bird's Eye
Photo of Stacey Ritter
Stacey Ritter
Realtor
Direct: 618-741-6053
Office
1012 Plummer Drive Suite 301
Edwardsville, IL 62025
618-655-4100
Listed by Salient Realty Group, LLC, Tyler Alms & Garen Lafser
Sold by Real Broker LLC, Lynne Hart
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Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Salient Realty Group, LLC

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