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!!!!
Listing courtesy of RE/MAX Results.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified