2323 Woodson, St Louis, MISSOURI 63114

$650,000
List Price
$650,000
Days on Market
73
MLS#
21006294
Status
ACTIVE UNDER CONTRACT
Lot Size
19,297
Acres
0.443
Year Built
1959
Subdivision
Overland 2
Municipality
Overland
County
St Louis
Year Built
1959
Listing Type
Multifamily

Property Description

100% Occupied, turn key 8% cap with value add component to raise rents as are under market. Located in Overland minutes from shopping, restaurants and I-70. All units individually metered. 1 and 2 beds have HVAC and full size washer / dryer in units. Newer roofing and some electrical updates. Great portfolio add or entry to multifamily investing. 16% Cash on Cash creates $21,241 actual cash flow day one + annual principal pay down of $13,250 totaling annual return to $34,491. No showing until week of 2/9/2021. Email listing agent for Offer Memorandum

Additional Information

Gross Operating Income
83174
Total Expenses
$30,694
School District
Ritenour
Elementary School
Buder Elem.
Jr. High School
Ritenour Middle
Sr. High School
Ritenour Sr. High
Construction
Brick/Stone Msn Pred
Parking Description
1 Space/Unit
Cooling
Central-Electric, Window Unit(s)
Sewer
Public
Heating
Conversion, Dual System
Water
Public
Heat Source
Electric, Gas
Taxes Paid
10304
Selling Terms
Conventional
Transaction Agent Commission
2.7
Buyers Agent Commission
2.7

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Apartment Advisors of America LLC.

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