3605 vescovo, Mehlville, MISSOURI 63125

$2,700,000
29,493
SqFt
List Price
$2,700,000
Days on Market
104
MLS#
19033514
Status
ACTIVE
Living Sq. Ft
29,493
Lot Size
172,062
Sq. Ft. Above
29,493
Acres
3.95
Year Built
1971
Age
48
Subdivision
carondelet commons
Municipality
Unincorporated
County
St Louis
Listing Type
Multifamily

Property Description

Turn-key Community of 29 -3 bed/1.5 bath townhomes in a great south county location close to downtown St. Louis. Located on a quiet cul-de-sac with additional grass field included in sale. Feels like a neighborhood, not an apartment complex. Unincorporated St. Louis county, Mehlville schools (AAA rated). Only 15 minutes from Downtown STL! High historic occupancy & low turnover. 21 units have been renovated. 7.39% cap rate on 2018 numbers, 7.60% proforma cap rate with all rents at $925. Most recent rental rate is $925/mo. Many tenants below that rate, so there is plenty of rent upside. Separate furnaces, water heaters & elec for low owner expenses. Newer thermal replacement windows in all 29 units. 2+ parking spaces per unit. Attractively priced for a townhome-style community in a very central St. Louis metro location!!!!

Additional Information

Gross Operating Income
300285
Total Expenses
$100,727
School District
Mehlville R-IX
Elementary School
Oakville Elem.
Jr. High School
Bernard Middle
Sr. High School
Mehlville High School
Construction
Brick/Stone Msn Pred
Parking Description
2+ Space/Unit
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air, Individual Furnaces
Water
Public
Heat Source
Gas
Price Per Sq. Ft
91.55
Taxes Paid
30693
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of RE/MAX Results.

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