Multi-Family Investment Opportunity
$1,500,000
Listing Resources
Listing Description
13 Unit all-brick apartment complex consisting of 2 buildings. There are (8) 1 Bedroom units and 4 studio apartments. The basement is available as an apartment. Fully leased out to Chestnut Health Systems, with the exception of the basement. Landlord pays property taxes, insurance, and utilities.
Located approximately 10 miles northeast of St. Louis, MO and is part of the Metro-East region. The city is home to several parks, restaurants, and businesses.
Sale Price: $1,500,000
Listing Details
Listing No : 2707
Sale Or Lease : For Sale
Property Type(s) : Investment, Multi-Family
Building Size (Sqft) : 5,579 Sqft
Sale Price : $1,500,000
Sale Price Per Sqft : $268.82
CAP Rate : 6.20%
GRM : 12.97
NOI : $93,029
Building Total Sqft : 5,580 Sqft
Min Divisible Sqft : 5,580 Sqft
Max Contiguous Sqft : 5,580 Sqft
Parcel No : 22-2-19-24-08-204-005
Zoning : Multi-Family
Tax Year : 2023
Year Built : 1980
Exterior : Brick
Total Units : 13
Acres : 0.23 Acre(s)
Utilities : $12,960
-
Scott .
Muentnich
- Office: 618-277-4400 Ext. 40
- Mobile: 618-975-0504
- scottm@barbermurphy.com