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Saint Louis, MO, 63116 • Dutchtown • Saint Louis City
$88/sqft
6Beds
3Baths
18,774Sqft
0.41 acLot
1929Built
Historic,Low/1-2 Style
Built 1929 · 97 years of history
Grand Gravois Park
Dutchtown
This home is getting attention
Listed 146 days ago · 211 views · 7 saves
Demand and pricing signals for this listing
211 views
People checking out this listing
7 saves
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146 days on market
Established listing
$88/sqft
Price per square foot
Multi Family · Built 1929 · Historic
If you've been trying to find a GOOD INVESTMENT opportunity, you'll want to take a closer look at 3900 Ray. With its mix of one, two, and three bedroom apts. (28 units total), along with its on target pricing, the property offers a new owner a realistic chance at earning a decent return. The reasonable rent rates, off-street parking, centralized location, and unit amenities translate into a LOW VACANCY rate year after year. When vacancies do come up, the units are easy to fill even in the slower months. Plus, the property underwent a massive renovation with major updates to the plumbing, electrical, HVAC (central heating & cooling), and windows throughout. MODERN SYSTEMS offer peace of mind for everyone: less maintenance calls for owners and lower utilities bills for tenants. It's been really hard to find a good deal like this one in the current real estate market. Current rent roll at appx $18,765 a month, with a cap rate if 8.07%, with reasonable proforma numbers appraching 9.71%. Don't miss your opportunity!
Standout features identified
Our analysis highlights unit amenities and off-street parking as key attractions of this home.
Based on current rates
Est. 6.13% rate · 30yr fixed · $1,316,000 loan
Full calculator →Key facts and listing details
8 categories of property features
Market data and value estimates
3 schools rated nearby
Saint Louis, MO, 63116
2 events
Local context around this listing
Saint Louis, MO • Saint Louis City
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