LOAN MUST BE ASSUMED. Great opportunity to acquire a 64 unit apartment complex with 8 one bed/one bath, 48 two bed/one bath, and 8 three bed/two bath units. Updates include many newer kitchens, many newer baths, furnaces, a/c units, newer windows, and flooring. Individual laundry hook-ups in two bedroom units and common laundry for one and three bedroom units. Close to downtown Clayton, shopping, restaurants, and entertainment.
UPDATE! Roughly half of the units have been turned with new straight market rents, seller is in process of updating the common areas and remaining units. Make a deal now and finish the remaining units..
Centrally located and in highly desirable Clifton Heights just south of highway 44 and across from THE HILL!
Minutes from Downtown or Clayton this apartment complex has had roughly half of the units updated with new kitchens and baths, roof was mopped within 2 years.
Please do not disturb tenants as are unaware of sale, call listing agent for income and expenses or for showing instructions.
Age: Over 50 Years Old
Architecture Style: Other
Cooling System: Wall Unit(s) A/C
Exterior Type: Brick, Stone
Heating System: Radiant Floor
Lot Size: 0.5 Acres
Parking Type: Assigned, On Street, Parking Lot, Unassigned
HUGE PRICE REDUCTION! -MIXED USE COMMERCIAL & APARTMENTS with over $132,000 gross annual income- Three adjacent brick buildings rehabbed in 1985 & listed on the National Register of Historic Buildings. Three story built-1894, two story built 1907, single story about 1919. Full basements under all buildings. Main Level=Approx. 6540 square feet of commercial/retail/office. Upper levels =12 fully equipped apartments (2-2 bedrooms, 6- 1 bedrooms, 4-studio units). Located across from UMB Bank, 1/2 block from City Hall, near shopping and on bus line to Metro-Link, close to UMSL and Florissant Valley Junior College, grocery stores, restaurants, parks and more! Total rehab 1985 plus updated and well maintained. RENT POTENTIAL IS GREAT WITH NORTH PARK DEVELOPING, EXPRESS SCRIPTS EXPANDING, EMERSON ELECTRIC THRIVING, UMSL & FLO-VALLEY GROWING, FERGUSON REMAINS ON THE UPSWING & IS A GREAT PLACE TO INVEST!
Modern 22 unit complex.Two buildings- Well taken care of. Looking for a turn key investment? Great cash flow and easy to rent. Call to make an appointment today. Please give 24-48 hour notice to show. Mon.- Fri. 9-5. Professionally managed willing to continue after sale. Good occupancy rate.
Age: 31-40 Years Old
Architecture Style: Other
Cooling System: Central A/C
Exterior Type: Brick, Stone, Vinyl Siding
Heating System: Forced Air
Parking Type: Assigned, Guest, On Street, Parking Lot, Unassigned
Don't miss out on your chance to own this fully occupied cash flow building priced to sell at a 10 cap! Building has all new electric, new furnaces and a lot of potential to increase rent and capture higher profit. Building has charming original features, including hardwood throughout most units and beautiful architectural features. Seller welcomes all offers.
Well Maintained and Fully Occupied Building! All units have central air and individual furnaces. There is an opportunity for more monthly income with 7 garages that are currently used for the Owner's storage. Property is nestled up to a Quaint Residential Neighborhood. Plenty of parking including the 7 individual garages and a private parking lot. Close to UMSL, Airport, HWY 70 & 170.
Wonderful Investment Opportunity....Beautiful, Historic, well maintained 12 Unit Apartment Building in desirable South West City Neighborhood. Building went through major rehab within the past few years including central air, electric furnace, electric water heater, new plumbing, circuit breaker panel, roof and tuckpointing. Property is located near area shopping, restaurants and public transportation. Call today and take a look at this grea building. Broker/Owner