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.
Listing courtesy of Apartment Advisors of America LLC.
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