$775,000
$815,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
7249 Pasadena BLVD Pasadena Hills, MO 63121
16,896 SqFt
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 16,896 sqft
Price per Sqft $45
Subdivision Pasadena Hills
MLS Listing ID 25021460
Sold Date 07/28/25
Year Built 1961
Lot Size 0.540 Acres
Acres 0.54
Property Sub-Type 5 Family or More
Property Description
Welcome to this exceptional opportunity to own a 12-unit apartment building located in a prestigious and unique gated community known as Pasadena Hills. Situated in a location near highway access, major employment and University Missouri St. Louis. The property offers a range of desirable features that make it an attractive investment including a mix of one, two and three bedroom units with hardwood floors throughout, forced heat, central air, storage, laundry on-site and garage parking. The financials are very impressive and attactive while being offered at an 8.64% cap-rate and 9.61% cash-on-cash return. Don't miss out on this chance to own a solid, well constructed apartment building in a gated community with lake and park setting.
Location
State MO
County St. Louis
Area 16 - Jennings
Interior
Heating Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Fireplace N
Appliance Gas Water Heater
Laundry Other, Common Area
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Architectural Style Low/1-2
Structure Type Brick Veneer,Concrete,Block
Schools
Elementary Schools Lucas Crossing Elem. Complex
Middle Schools Lucas Crossing Middle
High Schools Normandy High
School District Normandy
Others
Ownership Private
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Tammy Derrigan