For Sale For Rent
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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
0.1791
open houses
Open Houses
-
year built
year built
1949
full baths
Full Baths
0
half baths
Half Baths
0
8950 Natural Bridge (duplex), 8954 Natural Bridge (3 units) and 8958 Natural Bridge (6 units + storage unit) are being sold together. Currently this property brings in $7,580/month. $840/month is the Section 8 Fair Market rent for studios and 1beds in this zip code. If all rents were brought to the Fair Market rent for the area, this property would be bringing in $9,500/month. The taxes for all 3 buildings is a total of $12,136. The seller's annual insurance premium is $8,400. The utilities average around $1500/month which comes out to $18,000 annually. If you bring all units to Market Rate rent and account for 5% vacancy, the Proforma NOI is $69,794 which would be over a 11% cap rate at a $625,000 purchase price. All units are occupied, please do not disturb tenants. Units can only be viewed with an accepted contract.
Location
Subdivision Ramona Heights
County St Louis
Elementary School Barack Obama Elementary School
Middle School Normandy Middle
High School Normandy High
open houses Open houses
None scheduled.
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MLS number: 25005497
Listing agent: Anthony Klier #2022012991
Listing broker: The Agency (314) 280-9996
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Friday, February 21 2025 at 12:51 p.m. EST
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