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Sutton-Elm Apartments 7403 Elm Ave 23 Unit Apartment Building $1,295,000 ($56,304/Unit) Maplewood, MO 63143
Investment Highlights
- Off-Street Parking
- Well-Maintained Complex
- On-Site Laundry Room
- Close to Maplewood Entertainment District with unique shops and great restaurants
Executive Summary
This well-maintained complex is in the wonderful Maplewood area, close to the Maplewood entertainment district which has many great local shops and restaurants. The property includes 23 one-bed / one-bath units with off-street parking and an on-site laundry room. It's a great source of rental income and is fully occupied. Please note, the building is at the corner of Sutton and Elm. The two addresses associated with the property are 3019 Sutton Blvd and 7403 Elm Ave. Do not disturb tenants or tour the property without the listing agents.
Property Facts
| Price | $1,295,000 | Building Class | C |
| Price Per Unit | $56,304 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 11,214 SF |
| No. Units | 23 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1967 |
| Apartment Style | Low-Rise | Parking Ratio | 2.14/1,000 SF |
| Zoning | SR | ||
| Price | $1,295,000 |
| Price Per Unit | $56,304 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 11,214 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | SR |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Private Bathroom
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 525 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 21J-21-1770 | Improvements Assessment | $192,470 |
| Land Assessment | $136,800 | Total Assessment | $329,270 |
Property Taxes
Parcel Number
21J-21-1770
Land Assessment
$136,800
Improvements Assessment
$192,470
Total Assessment
$329,270
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