Sold
Last Sold Price
15,508 sqft$93/sqft
3225 Ashby Rd, St. Ann, MO 63074
Multi FamilyProperty Type
0.67 acresLot Size
1964Year Built
$93/sq ftPrice per sq ft

Description

Ashby Heights Apartments is a 20-unit apartment complex property at 3225-33 Ashby Rd, in St. Louis, Missouri. Ashby Heights offers a tremendous value add opportunity with a proven cosmetic update plan. 6 of the 20 units have already been updated and are experiencing incredible demand from the rental market. Ashby Heights Apartments has an in place cap rate of 7.03% and once the cosmetic update plan has been completed, an 8.40% unlevered yield on cost ($1,499,000 purchase + $9,000 x 14 units = $1,625,000...Ashby Heights Apartments is a 20-unit apartment complex property at 3225-33 Ashby Rd, in St. Louis, Missouri. Ashby Heights offers a tremendous value add opportunity with a proven cosmetic update plan. 6 of the 20 units have already been updated and are experiencing incredible demand from the rental market. Ashby Heights Apartments has an in place cap rate of 7.03% and once the cosmetic update plan has been completed, an 8.40% unlevered yield on cost ($1,499,000 purchase + $9,000 x 14 units = $1,625,000 total cost). The property offers abundant off-street parking (+/- 25 spaces). A new coin operated laundry room has been added to the basement to serve non-updated units while the renovation plan is executed. All units have central air conditioning and heat. The property has walk out basements that provide an option for an owner to offer storage to tenants for additional income.
  • Listed by: Tyler Alms 314.374.3687 talms@salientrealtygroup.com • Salient Realty Group, LLC
  • Listed by: Garen Lafser 314.374.3687 glafser@salientrealtygroup.com • Salient Realty Group, LLC
Listing closed: 01/13/2023 12:00 AM • Source: MARIS, MLS#: 22064551

Recent comparable sales

Median sold price

$164,000

Avg days on market

25

Sale-to-list ratio

93.6%

St. Ann, MO

9 comparable properties found

$229,900 | 4081 Esseldale Drive, St. Ann, MO 63074
1/2
1

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Sold 06/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
$130,000 | 4096 Esseldale Drive, St. Ann, MO 63074
1/28
2

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Sold 04/24/26

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Sold 06/23/25

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Bathrooms
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$15,000 | 4015 Wright Avenue, St. Ann, MO 63074
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$199,900 | 3213 Buder Court, St. Ann, MO 63074
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Square Feet
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Acres
$164,000 | 3403 St Mark Lane, St. Ann, MO 63074
1/4
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$164,000

Sold 11/07/24

2
Bedrooms
Unavailable
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Square Feet
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Acres
$167,000 | 3430 St Mark Lane, St. Ann, MO 63074
1/6
7

$167,000

Sold 04/10/25

2
Bedrooms
Unavailable
Bathrooms
1,100
Square Feet
0.17
Acres
$180,000 | 3532 Wright Avenue, St. Ann, MO 63074
1/8
8

$180,000

Sold 11/01/24

4
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.18
Acres
$162,000 | 3515 St Luke Lane, St. Ann, MO 63074
1/2
9

$162,000

Sold 04/04/25

2
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.15
Acres

Location

Listing Courtesy of Salient Realty Group, LLC

Sold By Real Broker LLC

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$9,028 per month

30 year fixed, 6.71% Interest

Principal and Interest

$7,467

Property Taxes

$1,561

HOA Dues

$0

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Property Information for 3225 Ashby Road

Property Details
  • Taxes: $18,733 / year
  • MLS Type: Commercial Sale / Multi-Family 5+
  • Cross Street: Mertz Ave
Building Information
  • Residences: 20
  • Year Built: 1964
  • Lot Size: 0.67 AC / 29,185 SF
Summary
Location and General Information
  • City: St Ann
  • County Or Parish: St Louis
  • Directions: GPS is best!
  • Latitude: 38.717044
  • Longitude: -90.388666
  • Location: City
  • Postal Code: 63074
  • State Or Province: MO
  • Sub division Name: Ashby Heights Apartments
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 14M-64-1277
  • Tax Annual Amount: $18,733.00
  • Tax Year: 2021
Owner
  • Township: St. Ann
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Parking Lot
School Information
  • Elementary School: Buder Elem.
  • High School: Ritenour Sr. High
  • High School District: Ritenour
  • Middle Or Junior School: Hoech Middle
Property
Lot Information
  • Lot Size Acres: 0.67
  • Lot Size Dimensions: N/A
  • Lot Size Source: County Records
  • Lot Size Square Feet: 29185.0
  • Property Condition: None
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 15508.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 1
  • Photos Count: 26
  • Videos Count: 0
  • Year Built: 1964
  • Disclosures: Unknown, Agent Owned, Sellers Discl Not Av
  • Age: 59
  • Construction Materials: Brick Veneer
  • Ownership Type: Private
  • BuyerFinancing: Conventional
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cooling: Electric, Gas
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Coin Operated, Lndry Connect Sm Un
  • Interior Misc: Drapes/Blinds
Multi Family
Multi-Family Information
  • Number Of Units Total: 20
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: 3 Rooms or Less,Dishwasher,Refrigerator,Range/Oven
  • One Bed Unit Rent: 662
  • Bedroom number of Units: 16
  • TYPE: Apartment Complex
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: 4 Rooms or Less,Dishwasher,Living/Great Room,Refrigerator,Range/Oven
  • Two Bed Unit Rent: 912
  • Two Bed Unit Units: 4
  • Three Bed Unit Units: 0
Income & Expenses
  • Net Operating Income: $105,398.00
  • Total Expenses: 62501.00
Rental
Rent Information
  • Pets Allowed: Yes
  • Tenant Pays: Electricity, Gas

Property History for 3225 Ashby Road

DateEvent & SourcePriceAppreciation
Jan 16, 2023

Closed (Public Record)

Public Record #1509653005

$999,999

-9.6% / yr

Jan 13, 2023

Closed

MARIS #22064551

$1,445,000
Nov 29, 2022

Pending

MARIS #22064551

DateEvent & SourcePrice
01/16/2023

Closed (Public Record)

Public Record #1509653005

$999,999

-9.6% / yr

01/13/2023

Closed

MARIS #22064551

$1,445,000
11/29/2022

Pending

MARIS #22064551

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3225 Ashby Road

Taxable ValueLand$76,000Additions$104,500Total$180,500
Tax Record2024$18,248 ($1,521 / month)
Home Facts
Baths2Total Finished SqFt23,262 SqFtAbove Grade Finished SqFt23,262 SqFtStories2Lot Size29,185 SqFtStyleMulti-Family Dwelling (2-4)Year Built1964Zoning72R1CountyST. LOUISAPN14M-6-4-127-7

Schools near 3225 Ashby Road

This home is within Ritenour School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Buder Elementary School
PublicK to 5

Hoech Middle School
Public6 to 8

Ritenour Sr. High School
Public9 to 12

Holy Trinity School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3225 Ashby Road, St. Ann, MO 63074
$1,445,000
15,508
29,185
2
1
813
7,283
$29,000
1
1
600
7,131
$129,900
2
1,215
6,360
$288,000
4
2,092
11,761
$130,000
2,500
9,148

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Salient Realty Group, LLC

Based on information submitted to the MLS GRID as of 01/19/2023 05:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.