8954 Natural Bridge Road St Louis, MO 63121

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$625,000 Est. $2,301 / mo.*
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Property Type: Multi-family 2-4
Status: Active
Year Built: 1949
Neighborhood: Ramona Heights
Days on Website: 11

Listing courtesy of The Agency.

Description

8950 Natural Bridge (duplex), 8954 Natural Bridge (3 units) and 8958 Natural Bridge (6 units + storage unit) are being sold together. Currently this property brings in $7,580/month. $840/month is the Section 8 Fair Market rent for studios and 1beds in this zip code. If all rents were brought to the Fair Market rent for the area, this property would be bringing in $9,500/month. The taxes for all 3 buildings is a total of $12,136. The seller's annual insurance premium is $8,400. The utilities average around $1500/month which comes out to $18,000 annually. If you bring all units to Market Rate rent and account for 5% vacancy, the Proforma NOI is $69,794 which would be over a 11% cap rate at a $625,000 purchase price. All units are occupied, please do not disturb tenants. Units can only be viewed with an accepted contract.

Open House

Property Details and Features

  • Building Age: 76
  • Building Description: Apt/InteriorEntrance
  • Year Built: 1949
  • Cooling: "Other"
  • Disclosures: "Unknown", "Sellers Discl Not Av"
  • Operating Expense Includes: "Other"
  • Heating: "Other"
  • Heating Included
  • Heat Source: Electric,Gas
  • Net Operating Income: 0
  • Lease Term: Leases
  • Transaction Type: Sale
  • Major Area: North
  • Parcel Number: 14J-44-0882
  • Subdivision Name: Ramona Heights
  • Township: Normandy
  • Lot Size Acres: 0.1791
  • Lot Size Dimensions: 0 x 0
  • Lot Size Square Feet: 7802 Sq.Ft.
  • Features: "Off Street"
  • Possession: "Close Of Escrow"
  • Type of Units: 3-Family
  • Property Sub Type: Multi-Family 2-4
  • Elementary School: Barack Obama Elementary School
  • High School: Normandy High
  • High School District: Normandy
  • Middle Or Junior School: Normandy Middle
  • "Public Sewer"
  • Annual Tax Amount: 1638
  • Tax Year: 2024
  • Tenant Pays: "Other"
  • Water Source: "Public"

Location

$625,000 - 8954 Natural Bridge Road, St Louis, MO 63121
8954 Natural Bridge Road St Louis, MO 63121
Major Area: North

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