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8700 Crocus, St Louis, MO 63114
0 Beds
0 Baths
39,600 sqft

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56 Unit apt complex located on 1.8 acres across the street from Home Heights Park and minutes from downtown Clayton and the airport. Comprised of 10 brick buildings with pitched roofs & plenty of parking for the tenants. 24 two-bed & 32 one-bed apts. Rents have been, and can be, increased to as much as $550 for the 1 beds & $650 for the 2 beds. From August 2018 to July 2019 the property generated $363,261 with a net income of $230,129. With 1 bed rents at $550 & $650 for 2 bed across the board, the gross rent would be nearly $400k/yr, current occupancy is at 96%. There have been updates to many of the units including updated kitchen cabinets, flooring, double pane windows, etc. Other recent capital improvements include emergency fire escapes, welding, and PVC plumbing stack replacement. There is an on-site management company in place which is currently charging a 4% management fee that would be open to continuing to manage the property.
  • Price:
  • $2,975,000
  • Square Footage:
  • 39,600
  • Acreage:
  • 1.81
  • Year Built:
  • 1959
  • Listing ID #:
  • 19040346
  • Street Address:
  • 8700 Crocus
  • City:
  • St Louis
  • State:
  • Missouri
  • Postal Code:
  • 63114
  • County:
  • St Louis
  • Subdivision:
  • Crocus Court
  • Listing Status:
  • Active Under Contract
  • Age Of Dwelling:
  • 60
  • Construction Description:
  • Brick/Stone Msn Pred
  • Dwelling Type:
  • Apartment Complex
  • Square Footage Source:
  • County Records
  • Total Building Square Footage:
  • 39600
  • Expenses:
  • 133132.00
  • Net Operating Income:
  • 230129.00
  • Approximate Lot Size Range Source:
  • County Records
  • Lot Square Footage:
  • 78844
  • Days On Market:
  • 75
  • For Sale Or Lease?:
  • Sale
  • Included In Sale:
  • Building & Land
  • Previous Listing Price:
  • 3100000.00
  • Terms:
  • Cash, Conventional, Private, Va, Other
  • Tax Municipality:
  • St. John
  • Property Taxes:
  • $38,760
  • Tenant Pays:
  • Cable Tv/Satellite, Electric, Gas
  • Parking Description:
  • Parking Lot
  • Cooling System:
  • Wall Unit(s), Central-Electric, Window Unit(s)
  • Existing Water:
  • Public
  • Heating:
  • Baseboard, Forced Air, Individual Furnaces
  • Heating Fuel:
  • Electric, Gas
  • Laundry:
  • Coin Operated, Common Laundry
  • Sewage Type:
  • Public
  • Water Heater:
  • Electric, Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By: Invest St. Louis
  • LOUIS
  • Schools information provided by ATTOM

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