1612 North 4th, De Soto, MISSOURI 63020

$2,950,000
List Price
$2,950,000
Days on Market
24
MLS#
19055495
Status
ACTIVE
Year Built
1991
Age
28
Subdivision
Westbury
Municipality
De Soto
County
Jefferson
Listing Type
Multifamily

Property Description

Listing includes 48 brick garden apartments and duplexes. There are (11) 1BDR units with attached carports; (29) 1BDR units with a den, each with a 1-car attached garage. Also (4) 2BDR duplexes, each with a full basement that includes an oversized two-car basement garage. There are a total of (6) buildings that are designed with 5 to 11 units each, plus the duplexes. The complex has been well maintained and has always enjoyed very high occupancy levels. Several tenants have occupied their unit for many years. As a result many of the apartments are rented below market. The 11 one-bedroom units and 8 of the 1BDR with den have a separate laundry room with coin-operated washers and dryers and an activity/community room. The other (21) 1BDR with den and the (4) duplexes have individual washer and dryer hookups. Rents have good upside potential and are currently $450/month for the (11) 1BDR units; $550/month for 29 1BDR with den and $600/month for each of the duplex units.

Additional Information

School District
Desoto 73
Elementary School
Vineland Elem.
Jr. High School
Desoto Jr. High
Sr. High School
Desoto Sr. High
Parking Description
1 Space/Unit, 2+ Space/Unit
Cooling
Ceiling Fan, Central-Electric, Heat Pump
Sewer
Public
Heating
Forced Air, Heat Pump
Water
Public
Heat Source
Electric
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of Farm & Home Realty, Inc..

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