Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1959
Sq.Footage
N/A
The Woodson Apartments offer a tremendous, near turn key opportunity with a proven renovation plan. 20 of the 24 units have already been updated and are experiencing incredible demand from the rental market. Potential to push rents higher than the in-place rents. Newly updated ranchette style units are leasing for $825 and townhouse style units are leasing for $1,050. All townhouse units have private basements as well - a huge value for tenants. Renovation costs have averaged $6,000 per unit for ranchette units and $7,000 per unit for townhouse units. Renovations include paint, new cabinets, new or re-finished floors, baseboards, updated bathrooms, new doors, new lighting and fans. A large amount of common area capital expenditures have also been completed by ownership. This list includes new roofs/gutters/gutter guards in 2021, 8 of 12 waste stacks replaced on townhouse side, newly sealed/paved/stripped parking lot, tree trimming, drainage system, new concrete walkways and steps.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s), Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Assigned
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Low/1-2
Price
-
Sales Price
$2,250,000
-
Tax Amount
$19,351
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Iveland Elem.
-
Middle School
Hoech Middle
-
High School
Ritenour Sr. High
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St. Louis-MO
Elementary School
Iveland Elem.
Middle School
Hoech Middle
High School
Ritenour Sr. High
Listing Courtesy of Timothy McCarthy , Salient Realty Group, LLC
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