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!
Listing courtesy of Trademark Real Estate, Inc.
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