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Gray Apartments 411 Gray Blvd 16 Unit Apartment Building $405,000 ($25,313/Unit) 17.67% Cap Rate East Saint Louis, IL 62205
Executive Summary
CHEAP 16 UNITS!!!
Solid brick. Good occupancy. Separate electric meters. City water and sewer. Inexpensive to operate and maintain. Perfect rentals. PROPERTY WILL GENERATE A 17.64% NET RETURN ON INVESTMENT!!! Do not miss out on this amazing opportunity.
Property management and financing available!
Solid brick. Good occupancy. Separate electric meters. City water and sewer. Inexpensive to operate and maintain. Perfect rentals. PROPERTY WILL GENERATE A 17.64% NET RETURN ON INVESTMENT!!! Do not miss out on this amazing opportunity.
Property management and financing available!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$100,800
|
$11.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,800
|
$11.80
|
| Taxes |
$5,135
|
$0.60
|
| Operating Expenses |
$24,120
|
$2.82
|
| Total Expenses |
$29,255
|
$3.43
|
| Net Operating Income |
$71,545
|
$8.38
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $11.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $11.80 |
| Taxes | |
|---|---|
| Annual | $5,135 |
| Annual Per SF | $0.60 |
| Operating Expenses | |
|---|---|
| Annual | $24,120 |
| Annual Per SF | $2.82 |
| Total Expenses | |
|---|---|
| Annual | $29,255 |
| Annual Per SF | $3.43 |
| Net Operating Income | |
|---|---|
| Annual | $71,545 |
| Annual Per SF | $8.38 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $525.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-19.0-112-025 | Total Assessment | $38,514 (2024) |
| Land Assessment | $4,093 (2024) | Annual Taxes | $5,135 ($0.60/SF) |
| Improvements Assessment | $34,421 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
02-19.0-112-025
Land Assessment
$4,093 (2024)
Improvements Assessment
$34,421 (2024)
Total Assessment
$38,514 (2024)
Annual Taxes
$5,135 ($0.60/SF)
Tax Year
2026
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Gray Apartments | 411 Gray Blvd
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