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About the Listing LRES01 - RWMEYER,MKASTNER
If you've been trying to find a GOOD INVESTMENT opportunity, you'll want to take a closer look at 3900 Ray. With its mix of one, two, and three bedroom apts. (28 units total), along with its on target pricing, the property offers a new owner a realistic chance at earning a decent return. The reasonable rent rates, off-street parking, centralized location, and unit amenities translate into a LOW VACANCY rate year after year. When vacancies do come up, the units are easy to fill even in the slower months. Plus, the property underwent a massive renovation with major updates to the plumbing, electrical, HVAC (central heating & cooling), and windows throughout. MODERN SYSTEMS offer peace of mind for everyone: less maintenance calls for owners and lower utilities bills for tenants. It's been really hard to find a good deal like this one in the current real estate market. Current rent roll at appx $18,745 a month, with a cap rate above 8%, with reasonable proforma numbers appraching 9.8%. Don't miss your opportunity!
Listing Highlights
Status
Active
Days on Site
33
Property Type
Multi-Family
MLS ®
25076055
Year Built
1929
Total Square Footage
18,774
Lot/Acreage
0.41
County
St Louis City
Neighborhood
Grand Gravois Park
Area
3 - South City
School District
St. Louis City
Elementary School
Oak Hill Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air,Electric
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 18774
- Below Ground Sq Ft: n/a
- Basement: Full,Interior Entry,Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Off Street,On Street,Parking Lot
Financial Details
- Tax Amount: $12,055
- Taxes w/Assessments: N/A
- Tax/Property ID: 6148-00-0260-1
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
3900 Ray Ave St Louis, MO 63116
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