3600 Salena, St Louis, MO 63118

$1,800,000
26,400
SqFt
List Price
$1,800,000
Days on Market
26
MLS#
19019425
Status
ACTIVE
Living Sq. Ft
26,400
Lot Size
39,988
Sq. Ft. Above
26,400
Acres
0.918
Year Built
1963
Age
56
Subdivision
St Louis Commons Add
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Harmony Terrace Apartments is a 48 units apartment community located in South St. Louis City. The Property consist of 48 one bedroom, one bathroom units with an average rent of $471 and the ability to be higher based on similar rental comparables. Harmony Terrace offers forced heat with sleeve units for air conditioning so it's very efficient in terms of maintenance and low costs. The Property has pitched roofs, off-street parking as well. The Property is being offered at $1,800,000 which generates an 8.25 percent capitalization rate and 11% cash on cash return. Harmony Terrace is located in an area designated "opportunity zone" which provide tax benefits for the new Buyer Call listing agent for Offer Memorandum.

Additional Information

Gross Operating Income
251752
Total Expenses
$103,404
School District
St. Louis City
Elementary School
Adams Elem.
Jr. High School
Blewett Middle
Sr. High School
Beaumont Cte High School
Construction
Brick/Stone Msn Pred
Parking Description
Parking Lot, Unassigned
Cooling
Central-Electric, Window Unit(s)
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Price Per Sq. Ft
68.18
Taxes Paid
6939
Selling Terms
Cash, Other

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Apartment Advisors of America LLC.

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