Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1985
Sq.Footage
17,542
FOR COMP PURPOSES ONLY. The complex was converted from USDA low-income to normal multifamily rental in 2020. The entire complex could tolerate a significant rent increase. 100% occupied. The current property management company is located nearby and could be retained for new ownership if desired. Expenses have been approximately 28-30% of revenue. There is a coin laundry on site which generates additional revenue. There is an office for management on site which could be repurposed. This property has been vastly improved over the last 2 years and it is time for someone to reap the benefits.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
17542.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Baseboard, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Vinyl Siding
-
Parking
Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
4.7
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Low/1-2
Price
-
Sales Price
$1,490,000
-
Tax Amount
$6,683
-
Sq. Footage
17, 542
-
Price/SqFt
$84
HOA
-
Association
No
School District
-
Elementary School
Beaufort Elem.
-
Middle School
Union Middle
-
High School
Union High
Property Features
-
Ownership
Private
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Franklin-MO
Elementary School
Beaufort Elem.
Middle School
Union Middle
High School
Union High
Listing Courtesy of Conner U Proffer , Invest St. Louis
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FOUNDER
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