1035 Avant, St Louis, MISSOURI 63137

$8,200,000
List Price
$8,200,000
Days on Market
29
MLS#
19070383
Status
ACTIVE
Lot Size
6,011
Acres
0.138
Year Built
1952
Age
67
Subdivision
Bissell Hills 4
Municipality
Bellefontaine Neighbors
County
St Louis
Listing Type
Multifamily

Property Description

Here is a very unique opportunity to own a package of 146 properties - the majority of them are single family homes clustered in North County. (This package also includes a daycare facility rented at $3500/mo.) Over $1,563,000 has been invested into these properties - not including their purchase price. Owner is willing to finance up to 45% of the portfolio with only 5% down which means you could buy with just $410,000 (plus closing costs). Additionally, for the first two years, only the interest payments will be due to give you a chance to maximize your cash flow. Most properties in this package have refinished hardwood floors or manufactured flooring in the living room and updated big ticket items within the last 10 years including the water heater, furnace, AC, electric, stack, windows and roof. The properties are managed by a property management company with the support of a private maintenance crew. For more details, please see the pdf in the the documents section.

Additional Information

Gross Operating Income
1382400
Total Expenses
$497,941
School District
Riverview Gardens
Elementary School
Gibson Elem.
Jr. High School
R. G. Central Middle
Sr. High School
Riverview Gardens Sr. High
Parking Description
On Street Parking, Other
Cooling
Wall Unit(s), Ceiling Fan, Central-Gas
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric, Gas
Taxes Paid
127813
Selling Terms
Cash, Conventional, Owner May Finance

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Worth Clark Realty.

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