Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1985
Sq.Footage
14,820
16 Unit Investment Property with newer roof (only 2 yrs old). All 2 bedroom/1bath apts, approx. 800 sf with laundry/utility room in each unit. Units are individually metered, all electric, tenant paid. Owner pays water/sewer/trash. Leases are renewed annually, but building has many long term tenants. Rents currently range from $560-625/month. Potential to raise the lower rental rates to a higher market rate as leases renew. Building is usually fully occupied, and easily attracts new tenants when a vacancy occurs. Ample off street parking for tenants and guests. Current owner is absentee and utilizes a management company. A more hands on owner might be able to substantially reduce expenses and increase NOI. Property is conveniently located near Hwy 44 and close to schools and shopping. No For Sale sign at property. Please do not disturb tenants.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
14820.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Wood Siding, Cedar
-
Parking
Guest, Open, Parking Lot, Unassigned
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.689
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Low/1-2
Price
-
Sales Price
$999,000
-
Tax Amount
$8,946
-
Sq. Footage
14, 820
-
Price/SqFt
$67
HOA
-
Association
No
School District
-
Elementary School
Zitzman Elem.
-
Middle School
Meramec Valley Middle
-
High School
Pacific High
Property Features
-
Ownership
Private
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Franklin-MO
Elementary School
Zitzman Elem.
Middle School
Meramec Valley Middle
High School
Pacific High
Listing Courtesy of Tammy C Wachter , Realty One Group Dominion
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