Low/1-2

Package of 43 townhome condominium units in a 50 unit complex. Leased with stable tenancy. Majority of units have been renovated in past few years. Operating at an 8.25% cap rate on trailing 12 mos income/expenses (real expenses), 15-16% cash-on-cash returns, virtually unheard of in this very hot apartment market. Over $400,000 in recent capital improvements/renovations. Buyer will control the condo association. Very attractive townhome product, 2 bedrooms upstairs, half bath first floor, full bath 2nd floor, and a finished rec room in the private basement (which is not included in unit SqFt). Full masonry low-density duplex buildings on a cul-de-sac street, like owning your own neighborhood! Private laundry in each basement/lower level. Great central location right on the Overland/St. Ann border. Buder elementary school is 2 blocks down the street, super-convenient for tenants with kids. Will not last.

Package of 43 townhome condominium units in a 50 unit complex. Leased with stable tenancy. Majority of units have been renovated in past few years. Operating at an 8.25% cap rate on trailing 12 mos income/expenses (real expenses), 15-16% cash-on-cash returns, virtually unheard of in this very hot apartment market. Over $400,000 in recent capital improvements/renovations. Buyer will control the condo association. Very attractive townhome product, 2 bedrooms upstairs, half bath first floor, full bath 2nd floor, and a finished rec room in the private basement (which is not included in unit SqFt). Full masonry low-density duplex buildings on a cul-de-sac street, like owning your own neighborhood! Private laundry in each basement/lower level. Great central location right on the Overland/St. Ann border. Buder elementary school is 2 blocks down the street, super-convenient for tenants with kids. Will not last.