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    3701 Cook Avenue

    St Louis, MO 63113
    • $239,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 21020563
    UPDATED: 64 min ago
    $239,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Description

    Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant. There is an apartment on the second floor that is currently being used as additional office space for the daycare. --

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    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-06-13T15:48:52.01.

    Clarity Street Realty: 314-963-7300
    www.claritystreetrealty.com/homes/115974385
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    3701 Cook Avenue St Louis, MO 63113

    • Price: $239,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: 21020563
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1924
    Built
    Neighborhood:
    Goffs James B Add
    County:
    St Louis City
    Area:
    North
    Property Description
    Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant. There is an apartment on the second floor that is currently being used as additional office space for the daycare. --
    Exterior Features

    Building Type 2 StoriesMixed Use Exterior Brick Land Info Included Lot Dimensions 35X137 Parking Description Paved Asphalt Road Access City Street Road Frontage 172 Roof Flat Unit Location City

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls ComboDrywallPlaster Miscellaneous Partial Fencing

    Property Features

    Association St. Louis Association of REALTORS Commercial Property Type RetailSpecial Purpose/Use Conditions Unknown Current Use Daycare Disclosures Sellers Discl. Avail Docs Avail At Office Floor PlanSurvey Electric Service 220 V Gross Operating Income 0.00 Lot Size Source County Records Net Income 0.00 Offering Sale Operating Expense Property InsuranceReal Estate Tax Possession At Closing Possible Buyer Fees YN No Potential Use ChurchOffice/GeneralOffice ShowroomRetail Operation Sale Includes Building & Land Selling Terms CashConventional Sewer Public Special Listing Conditions None Tax Exempt 0 Tax Year 2020 Taxes Paid 4256 Total Expenses 0.00 Utilities Available CableElectricGasWaterSewerTelephone Water Public Zoning C

    Listing provided courtesy of Invest St. Louis. Listing information © 2021 Mid America Regional Information Systems, Inc.
    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-06-13T15:48:52.01.

    Clarity Street Realty: 314-963-7300
     
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    Clarity Street Realty
    1712 S. Big Bend Blvd
    St. Louis MO, 63117