Olivette, MO 63132

$1,825,000
21,780
SqFt
List Price
$1,825,000
Days on Market
6
MLS#
18009543
Status
ACTIVE
Living Sq. Ft
21,780
Lot Size
76,666
Sq. Ft. Above
21780
Acres
1.76
Year Built
1976
Subdivision
Paramount condo
Municipality
Olivette
County
St Louis
Listing Type
Multifamily

Property Description

Very rare opportunity to acquire 28 rental condos in Ladue school district*most units have had interior upgrades completed*17 one bed and 11 two bed units*Offered at an attractive package price of $65,000 per condo*28 condos in a 54 unit condo complex, giving the investor controlling interest (51%) over the condo association*Rents are low and can easily be increased based on immediate surrounding rent comps, such that these rental units could be performing at/above 8% cap rate*Qualified investors only - no showing without proof of at least 25% liquid funds prior to appt. When's the last time you saw a rental property offered for sale in Ladue School District???

Additional Information

School District
Ladue
Elementary School
Old Bonhomme Elem.
Jr. High School
Ladue Middle
Sr. High School
Ladue Horton Watkins High
Association Fee
5195
Construction
Brick Veneer Decrtv, Frame, Vinyl Siding
Parking Description
2+ Space/Unit, Parking Lot
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air, Individual Furnaces
Water
Public
Heat Source
Electric
Price Per Sq. Ft
83.79
Taxes Paid
21909
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of RE/MAX Results.

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