7300 & 7304 Pennsylvania Avenue
St Louis, MO 63111
- – beds
- – baths
- 6,216 sqft
- 7,275 sqft lot
- $66 per sqft
- 1927 build
- – on site
More homes
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.
Last checked:
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Last updated May 2, 2025
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MLS# 24075297 —
The Building
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Year Built:1927
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Number Of Buildings:1
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Construction Materials:Brick
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Architectural Style:Low/1-2
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Number Of Units Total:8
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Security Features:Smoke Detector(s)
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Basement:false
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Above Grade Finished Area:6,216 Sqft
Interior
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Fireplace:false
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Living Area:6216
Financial & Terms
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Possession:Close Of Escrow
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Ownership Type:Private
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Listing Terms:Cash, Conventional, 1031 Exchange, Private Financing Available
Location
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Longitude:-90.256313
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Latitude:38.550025
The Property
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Property Sub Type:5 Family or More
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Property Type:Residential Income
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Parcel Number:3055-00-0155-0
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Lot Size Acres:0.167
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Lot Size Area:0.17
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Lot Size Units:Acres
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Lot Size Square Feet:7,275 Sqft
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Lot Size Dimensions:72x98
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Lot Size Source:Public Records
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (314) 222-0065
- Office phone:
- (314) 222-0065
Taxes
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Tax Year:2024
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Tax Annual Amount:$2,949
Heating & Cooling
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Cooling:Window Unit(s)
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Heating:Forced Air, Natural Gas
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Electric Water Heater, Gas Water Heater
Schools
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Elementary School:Woerner Elem.
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Middle School:Lyon Blow Middle
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High School:Roosevelt High
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High School District:St. Louis City
The Community
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Subdivision Name:Eilers Sub
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Neighborhood:Carondelet
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Association Fee Frequency:None
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Pool:No
Parking
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Parking Features:On Street
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Garage:false
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Carport:false
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/7/25
Feb 7, 2025
|
Sold | MARIS | $412,500 |
