3900 Ray Ave, St Louis, MO 63116
- $1,525,000
- 18,774
- SqFt
- Sold Price
- $1,525,000
- List Price
- $1,645,000
- Closing Date
- Jun 09, 2026
- Days on Market
- 207
- MLS#
- 25076055
- Status
- CLOSED
- Living Sq. Ft
- 18,774
- Lot Size
- 17,772
- Acres
- 0.41
- Year Built
- 1929
- Subdivision
- Grand Gravois Park
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property 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!
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Additional Information
- School District
- St. Louis City
- Elementary School
- Oak Hill Elem.
- Jr. High School
- Long Middle Community Ed. Center
- Sr. High School
- Roosevelt High
- Parking Description
- Off Street, On Street, Parking Lot
- Cooling
- Central Air, Electric
- Heating
- Electric, Forced Air
- Water
- Public
- Selling Terms
- Cash, Conventional
Mortgage Calculator
Listing courtesy of St. Louis Real Estate Society. Selling Office: Keller Williams Realty West.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
