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South Grand
3952 S Grand, Saint Louis, MO 63118
Last Verified 5/6/2005
Listing ID 14088259
Highlights
Priced below appraisal- Creative Financing Available
- Tenants pay heat/ electric
- Commercial Trade Possible
- 6000 sq feet Retail Commercial
- Urban Development Tax Incentives
Description
Four story landmark. 24 units residential [eighteen-1, three-2, and three-3 bedrooms] as well as 6600 plus square feet of commercial space. Appraised at $1.1M in April 2005 for residential component alone. Replacement value greater than $1.9 Million. Currently 66% of commercial leased at $6250/month, and 70% of residential leased. Total actual current cash flow $13,300/month. Tenants pay heat, electric, and gas. New electric, plumbing, sewer. 90% of units already gut rehabbed. Historic tax credits and abatement available.
South Grand near Grand and Chippewa, between the developing Grand Restaraunt district and Bevo Mill.
Map of 3952 S Grand, Saint Louis, MO 63118 (Saint Louis City County)
Created 1/1/2005
Additional Information for 3952 S Grand Boulevard, Saint Louis, MO 63118
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO