1255 Cunningham Avenue Unit #1-10, St Charles, MISSOURI 63301

$895,000
4,500
SqFt
List Price
$895,000
Days on Market
19
MLS#
21031988
Status
PENDING
Living Sq. Ft
4,500
Lot Size
10,019
Sq. Ft. Above
4,500
Acres
0.23
Year Built
1960
Subdivision
Rauchs Condo
Municipality
St. Charles
County
St Charles
Year Built
1960
Listing Type
Multifamily

Property Description

Phenomenal opportunity in this METICULOUSLY MAINTAINED 10 unit apartment building! Roof/windows replaced in 2013. Siding/soffit/fascia replaced 2019. Nearly every HVAC system recently replaced. Parking lot sealed/striped in 2021. Amazing performance records here. Long term tenants (average residency is 32 months). Building is 100% ACH Auto-Debit and currently averages $6510 MONTHLY rents. Lease extensions and great tenant relationships forecast rent increase to $6650 MONTHLY by year end 2021 and $7250 MONTHLY by year end 2022. With incredible owner response to all work needs, this building has virtually no deferred maintenance. Located just minutes from Interstate 70, Ameristar and Hollywood Casino, Streets of St. Charles, St. Charles Convention Center, Bass Pro, Historic St. Charles and the developing Riverpointe project! Being a short drive to Lambert STL Airport and Downtown St. Louis are all draws to prospective tenants. This WELL-OILED machine is the jewel you've been seeking!

Additional Information

Gross Operating Income
75800
Total Expenses
$13,792
School District
St. Charles R-VI
Elementary School
Lincoln Elem.
Jr. High School
Jefferson / Hardin
Sr. High School
St. Charles High
Construction
Brick Veneer Predom, Vinyl Siding
Parking Description
1 Space/Unit, Guest Parking, Parking Lot
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric
Price Per Sq. Ft
198.89
Taxes Paid
6520
Selling Terms
Cash, Conventional
Buyers Agent Commission
2.5

Mortgage Calculator

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Listing courtesy of Trademark Real Estate, Inc.

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