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    3701 Cook Avenue

    St Louis, MO 63113
    • $239,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 21029446
    UPDATED: 33 min ago
    $239,000
    • 1
      BEDS
    • 0.11
      ACRES
    • 1
      BATHS
    • 2
      1/2 BATHS
    • 5,165
      SQFT
    • $46
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1924
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Duplicate listing of mls# 21020563. 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 2021-06-12T21:49:03.443.

    Clarity Street Realty: 314-963-7300
    www.claritystreetrealty.com/homes/116804059
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    3701 Cook Avenue St Louis, MO 63113

    • Price: $239,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 21029446
    1
    Beds
    1
    Baths
    2
    ½ Baths
    0.11
    Acres
    5,165
    SQFT
    $46
    $/SQFT
    1924
    Built
    Neighborhood:
    Goffs James B Add
    County:
    St Louis City
    Area:
    North
    Elementary School:
    Pamoja Prep / Cole
    Middle School:
    Pamoja Prep / Cole
    High School:
    Sumner High
    School District:
    St. Louis City
    Property Description
    Duplicate listing of mls# 21020563. 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

    Architecture HistoricTraditional Carport Spaces 0 Construction Brick Veneer Predom Garage Spaces 0 Lot Description Corner LotFencingLevel LotSidewalksStreetlights Lot Dimensions 35X137 Parking Description Off Street Style 2 Story Style Description Other

    Interior Features

    Basement Description Stone/Rock Bedrooms Main Level 0 Cooling Central-Electric Fireplace Location Living Room Fireplace Type Non Functional Fireplaces 1 Heat Source Gas Heating Forced Air Number Of Rooms 7 Water Heater Electric

    Property Features

    Association St. Louis Association of REALTORS Cable Available Yes Conditions Unknown Disclosures Sellers Discl. Avail Lot Size Source County Records Ownership Private Possession At Closing Possible Buyer Fees YN No Property Type Residential Selling Terms CashConventional Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2020 Taxes Paid 4256 Transaction Type Sale Water Public

    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 2021-06-12T21:49:03.443.

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