$1,525,000
$1,645,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
18,774 SqFt
SOLD DATE : 06/09/2026
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 18,774 sqft
Price per Sqft $81
Subdivision Grand Gravois Park
MLS Listing ID 25076055
Sold Date 06/09/26
Style Historic,Low/1-2
Year Built 1929
Annual Tax Amount $12,054
Lot Size 0.408 Acres
Acres 0.408
Property Sub-Type 5 Family or More
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!
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Full, Interior Entry, Unfinished, Walk-Out Access
Interior
Heating Electric, Forced Air
Cooling Central Air, Electric
Fireplace N
Appliance Electric Range, Refrigerator
Laundry Electric Dryer Hookup, Multiple Locations, Washer Hookup
Exterior
Parking Features false
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Private Pool false
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Oak Hill Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Thomas Simcox
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