3701 East Cook Avenue
3701 East Cook Avenue
$200,000
1
1
2
5,165
5,165
$39
Closed 8/27/21
Description
Duplicate listing of mls# 21020563. Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building...Duplicate listing of mls# 21020563. Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant. There is an apartment on the second floor that is currently being used as additional office space for the daycare.
- Listed by Jordan Schoen • Invest St. Louis
Property Details for 3701 East Cook Avenue
Architectural Style
Historic,Traditional
Style DescriptionOther
WaterfrontNo
Location
LISTING UPDATED: 09/02/2021 10:21 AM
Property Details for 3701 East Cook Avenue
Status | Closed |
---|---|
MLS # | 21029446 |
Days on Market | 120 |
Taxes | $4,256 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Residential |
Year Built | 1924 |
Lot Size | 0.11 AC / 4,835 SF |
County | St. Louis |
Location
Building Information for 3701 East Cook Avenue
Stories-Year Built1924Building Size-Lot Size0.11 AC / 4,835 SF
Payment Calculator
$1,446 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3701 East Cook Avenue
Property History for 3701 East Cook Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3701 East Cook Avenue
This home is within St. Louis City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Cole Elementary School PublicPK to 8 | ||
Sumner High School Public9 to 12 | ||
Miller Career Academy Public9 to 12 | ||
ACAD OF ENVT SCI/MATH ELEM PublicPK to 5 |
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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