Home for Sale: 8700 Crocus, St Louis, MO 63114

39,600 sqft
$3,100,000
8700 Crocus, St Louis, MO 63114
39,600 sqft
$3,100,000
$3,100,000
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Walk Score
47
Price:
$3,100,000
Est. payment:

Type: Multi-Family
Square Feet: 39,600 sqft
Lot Size: 1.81 acres
Year Built: 1959
Assoc Fee Paid: None
Taxes Paid: $38,760

Area: St Louis
County: St Louis
School District: Ritenour
Subdivision: Crocus Court

MLS: 19040346
Status: Pending
56 Unit apt complex located across the street from Home Heights Park and minutes from downtown Clayton and the airport. Comprised of 10 brick buildings with pitched roofs & plenty of parking for the tenants. 24 two bed & 32 one bed apts. Rents have been, and can be, increased to as much as $550 for the 1 beds & $650 for the 2 beds. Building is currently grossing $381k/yr with a net income of $252k; an 8.1% cap rate. With 1 bed rents at $550 & $650 for 2 bed across the board, the gross rent would be nearly $400k/yr. There have been updates to many of the units including updated kitchen cabinets, flooring, double pane windows, etc. Other recent capital improvements include emergency fire escapes, welding, and pvc plumbing stack replacement. There is an on site management company in place which is currently charging a 4% management fee that would be open to continuing to manage the property. Current vacancy is under 2% and there have been long waiting lists for tenants wanting to move in.

Lot & Building Features

Assoc Fee Paid: None
Construction: Brick/Stone Msn Pred
Cooling: Central-Electric, Window Unit(s), Wall Unit(s)
Heat Source: Electric, Gas
Heating: Baseboard, Individual Furnaces, Forced Air
Parking Description: Parking Lot
Sewer: Public
Tax ID: 14K-52-0114
Tax Year: 2018
Taxes Paid: $38,760
Water: Public
Water Heater: Electric, Gas
Lot Dimensions: 191'x305'x327'x335' ft

Community and Schools

Elementary School: Marvin Elem.
Junior High School: Ritenour Middle
Senior High School: Ritenour Sr. High

Price History of 8700 Crocus, St Louis, MO

Date Name Price Difference
05/31/2019 Listing Price $3,100,000 N/A
*We provide this information for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 8700 Crocus, St Louis, MO

Location Map Street View Walk Score Bird's Eye
Direct: 636-675-2851
Office
5208 Highway N, Ste. 101
St. Charles, MO 63304
314-529-8222
Listed by Invest St. Louis, Jordan Schoen
Home Price Interest Rate:
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Loan Years: Percent Down
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Monthly Taxes:
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Est. Monthly Payment
Principal & Interest
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Homeowners Ins
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8700 Crocus (MLS #19040346) is a multi-family listing located in St Louis, MO. This multi-family listing is 39,600 sqft and on a lot of 78,844 sqft (or 1.81 acres) and is 60 years old. This property was listed on 05/31/2019 and has been priced for sale at $3,100,000.

Nearby zip codes are 63107, 63121, 63130, 63133 and 63134. This property neighbors other cities such as Bel Nor, Bel Ridge, Overland, St John and Woodson Terrace.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data not provided by .

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Invest St. Louis

Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange