7300 & 7304 Pennsylvania Avenue, St Louis MO 63111

← Back to search

Active Under Contract

$450,000

7300 & 7304 Pennsylvania Avenue, St Louis, MO 63111

bedrooms

bathrooms

square feet

6,216

Acreage

0.167

Open Houses

year built

1927

Full Baths

Half Baths

Find out more

The French settlement of Carondelet (est. 1757) enjoys a rich history and overlooks the Mississippi River. In the heart of it all is this 6,216 sf brick building with six 1/1 units and two 2/1 units. One was a storefront so the layout is different. Sellers rehabbed 3 units, partially rehabbed 3 more, and installed 4 new window units, water heater, stove, & fridge. You’ll find pex water lines, some PVC stacks, copper & romex wiring, gas furnaces, gas & electric water heaters, and some updated windows. One unit is vacant for showing; one is vacant and needs rehab due to a problem tenant. This is a value-add opportunity with some heavy lifting already done. Tenants enjoy living minutes from Carondelet Park, restaurants like Stacked STL, Perennial Artisan Ales, River City Casino, and I-55. Using a pro forma $750 for vacancies, annual income is 66,000 - operating expenses of 30,134 = NOI of 35,866, a 7.9% cap rate at asking price. Ask your agent for financials available in the listing.

Location
Subdivision	Eilers Sub
County	St Louis City
Elementary School	Woerner Elem.
Middle School	Lyon-Blow Middle
High School	Roosevelt High

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Kotohomes Concierge 4, Tammy Derrigan, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 24075297

Listing agent: Tammy Derrigan #2016008170

Listing broker: Worth Clark, Inc. (800) 991-6092

Last update: Wednesday, January 15 2025 at 5:17 a.m. EST

Kotohomes National