Link Copied
Listed price in listed location currency (USD).
$1,645,000

000

MLS® 25076055

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 18774 sqft
Garage 
Taxes $12,055
Days Active 164
Lot Size 
Approx. Age 1929
Avg. Price Per Sqft $87
MLS® Number 25076055

Property Address: 3900 Ray Ave, Saint Louis, MO, 63116-3583

Average square foot calculated using Size range provided by listing agent.

Description

If you've been trying to find a GOOD INVESTMENT opportunity, you'll want to take a closer look at 3900 Ray. With its mix of one, two, and three bedroom apts. (28 units total), along with its on target pricing, the property offers a new owner a realistic chance at earning a decent return. The reasonable rent rates, off-street parking, centralized location, and unit amenities translate into a LOW VACANCY rate year after year. When vacancies do come up, the units are easy to fill even in the slower months. Plus, the property underwent a massive renovation with major updates to the plumbing, electrical, HVAC (central heating & cooling), and windows throughout. MODERN SYSTEMS offer peace of mind for everyone: less maintenance calls for owners and lower utilities bills for tenants. It's been really hard to find a good deal like this one in the current real estate market. Current rent roll at appx $18, 950 a month, with a cap rate of 8.75%, with reasonable proforma numbers approaching 10.28%. Don't miss your opportunity!
MLS® Number25076055
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1929
BasementFull, Interior Entry, Unfinished, Walk-Out Access
DrivewayOff Street, On Street, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 14, 2025List Date
$1,645,000List Price
  • Commute

Commute

Starting Address
Destination Address
3900 Ray Ave, Saint Louis, MO

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties