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$3,400,000
4028 Peck Ave, St Louis, MO 63107
0 Beds
0 Baths
71,000 sqft

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Sportsmans Place Apartments is an amazing opportunity near the National Geospatial Intelligence Agency (NGA), a 1.7 Billion dollar development, employing over 3,000 jobs and scheduled to open in 2025. The NGA will make a huge impact on the economy in North City while improving property values and overall area. Now is the time to take advantage of this massive development! The Subject Property is currently operating at a twenty percent cash on cash return, 9.1% cap rate at list price. The owner has done a fantastic job updating units and stabilizing the property, however there's still substantial room to increase rents. Currently the monthly income is $43,000 with the potential to be $51,000 with all residents paying market rents. The units offer, forced heat, central air, washer dry in unit, vinyl flooring, massive floors plans (1,000+SF), updated plumbing and electric, new appliances and kitchens....the list goes on and on.
  • Price:
  • $3,400,000
  • Square Footage:
  • 71,000
  • Year Built:
  • 1986
  • Listing ID #:
  • MAR21056308
  • Street Address:
  • 4028 Peck Ave
  • City:
  • St Louis
  • State:
  • Missouri
  • Postal Code:
  • 63107
  • County:
  • St Louis City
  • Community:
  • North
  • Subdivision:
  • Fairgrounds
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Builder Model:
  • Low/1-2
  • Construction Type:
  • Brick Veneer, Brick Veneer
  • Finished Above Ground Square Footage:
  • 71000
  • Number Of Units:
  • 68
  • Year Built:
  • 1986
  • Net Operating Income:
  • 310000
  • Approximate Lot Size Range Source:
  • County Records
  • Days On Market:
  • 82
  • Included In Sale:
  • Building & Land
  • Originating Mls:
  • Maris
  • Cross Street:
  • Grand Avenue
  • Subdivision:
  • Fairgrounds
  • Township:
  • St. Louis City
  • Property Taxes:
  • $12,960
  • Tax Year:
  • 2020
  • Tenant Pays:
  • Cable Tv, Electricity, Gas
  • Parking Description:
  • On Street, Parking Lot
  • Cooling System:
  • Electric
  • Existing Water:
  • Public
  • Heating:
  • Forced Air
  • Laundry:
  • Lndry Connect All Un
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Apartment Advisors Of America
  • MOMARIS

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