Sold

815 Ann

St Louis MO, 63104

Price upon request


Sold

61,946 sqft

Commercial

Built in 1906

Exquisite Trophy property in the heart of Soulard***36 loft-style apartments in an iconic Ittner-designed former school building***Existing Fannie Mae financing to be assumed - 3.62% interest with 8.5 years remaining - well below current market rates!***Gracious entryway and hallways with impressive scale and elegance - feels like a quality hotel***top-to-bottom renovation in 2017, loft-style apartments with 10-12+ foot ceilings, huge windows providing ample natural lighting, refinished concrete and original hardwood floors, original built-ins from former school days, designer lighting, gym, numerous outdoor spaces on the 1.59 acre lot. Solar panels reduce building electric costs, 33 car gated, secured parking lot plus the nicest 11 car garage you'll ever see. 18.43% projected 10 year IRR with existing loan assumed. 6.21% cap rate and 10.87% cash-on-cash on Y1 proforma. 6.15% cap on May RR. Add in-unit laundry to boost cash-on-cash returns into the 13-14% region. Qualified buyers only

22037009

MLS ID

February 16, 2024

Updated

Map

815 Ann
St Louis MO, 63104

Interior Features

Laundry Description

Common Laundry


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.59 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Vashon High


Elementary School

Peabody Elem.

Other Property Details

Area Name

South City


Taxes

$12,948


Tax Frequency

Annually


Days on Market

120


Association Amenities

Some Balc/Some Terrc, Fitness Center


Garage

No


Parking

Space/Unit - 1, Parking Garage, Security Parking


View

No


County

St Louis City


Water Source

Public


Pool

No


Buyer Agency Compensation

1.0%

Courtesy of RE/MAX Results, Paul J Cunningham

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Riley Schmidt shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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