7249 Pasadena BLVD Active Save Request In-Person Tour Request Virtual Tour
Pasadena Hills,MO 63121
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 16,896 sqft
Price per Sqft $48
Subdivision Pasadena Hills
MLS Listing ID 25021460
Year Built 1961
Building Age 64
Lot Size 0.540 Acres
Property Sub-Type Multi-Family 5+
Property Description
Welcome to this exceptional opportunity to own a 12-unit apartment building located in a prestigious and unique gated community known as Pasadena Hills. Situated in a location near highway access, major employment and University Missouri St. Louis. The property offers a range of desirable features that make it an attractive investment including a mix of one, two and three bedroom units with hardwood floors throughout, forced heat, central air, storage, laundry on-site and garage parking. The financials are very impressive and attactive while being offered at an 8.64% cap-rate and 9.61% cash-on-cash return. Don't miss out on this chance to own a solid, well constructed apartment building in a gated community with lake and park setting.
Location
State MO
County St Louis
Area Jennings
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Electric
Laundry Coin Operated,Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Concrete
Schools
Elementary Schools Lucas Crossing Elem. Complex
Middle Schools Lucas Crossing Middle
High Schools Normandy High
School District Normandy
Others
Acceptable Financing Cash Only,Conventional,Exchange
Listing Terms Cash Only,Conventional,Exchange
Special Listing Condition None