100% leased. 29 townhomes great south county location. All 3 bedroom/1.5 Bath. On it's own cul-de-sac with additional grass field behind street great for tenants with kids! Mehlville schools. 15 minutes from Downtown STL! High historic occupancy and 12 units have updated kitchens/flooring/lighting/baths. Separate furnaces, water heaters & elec for low owner expenses. All windows in all buildings replaced. Opportunity to further improve NOI by updating balance of units. List price represents 7.17 cap rate on 2016 P&L numbers. Super-easy to manage. With market rents of $950 this property will operate at an 8+% cap rate.
Listing courtesy of RE/MAX Results.
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