Residential Income Property with Central
For Sale
$189,900
Pending
3129 & 3133 Sherman Drive, Saint Ann, MO 63074
Two addresses share a 1955 construction date and include a driveway, central air, a gas range, and a refrigerator.
Property Size1,600 SF
Days on Market165
Property Features for 3129 & 3133 Sherman Drive
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,539
Amenities
Central Air
Other
Free-Standing Gas Range, Refrigerator
Driveway
Traditional
Building Details
Year Built
1955
Listing Agency:
TRELORA Realty, Inc.
Listed By:
Alexis Martz · License #22021025
(314) 947-3998
Source:
Evrealestate
Added: May 6
Changed: Oct 10
Last Checked: Oct 16 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRELORA Realty, Inc.
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Investment Insights
Based on property information with market context.
This residential income property comprises two addresses at 3129 and 3133 Sherman Drive. The buildings date to 1955 and have central air conditioning, a freestanding gas range, and a refrigerator. A driveway serves the property.
The property is in St. Ann, St. Louis County, Missouri.
The property is in St. Ann, St. Louis County, Missouri.
Key Highlights
- Two addresses: 3129 and 3133 Sherman Drive
- Built in 1955
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,890
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
$297.8K
Cap Rate 7%
$212,714
$212.7K
Cap Rate 9%
$165,444
$165.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$28.8K $18.00/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$27.1K $16.92/SF
− OpEx
−$12.2K −$7.61/SF
NOI
$14.9K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,800
Cap Rate 7%
$212,714
Cap Rate 9%
$165,444
Alternative Uses
Best Use
Apartment 5plus
$212.7K
$186.1K – $248.2K
NOI $14,890 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.4K
$300.5K – $400.6K
NOI $24,037 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 63074, MO
15,233
Population
7,523
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
3,906
Density / Sq Mi
$51,351
Median Household Income
$35,585
Median Earnings
$1,005
Median Rent
$119,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two addresses share a 1955 construction date and include a driveway, central air, a gas range, and a refrigerator.
Where is this residential income property located?
The property is located at 3129 & 3133 Sherman Drive Saint Ann, MO.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two addresses: 3129 and 3133 Sherman Drive; Built in 1955; Central air conditioning
