612 Brotherton, St Louis, MISSOURI 63135

$825,000
List Price
$825,000
Days on Market
17
MLS#
21039298
Status
PENDING
Lot Size
8,407
Acres
0.193
Year Built
1954
Subdivision
Cherie Lane Sub
Municipality
Ferguson
County
St Louis
Year Built
1954
Listing Type
Multifamily

Property Description

Great portfolio addition of cash-flowing properties! Package of 15 single family homes in north county that are 100% rented. Very stable tenant base with the average length of stay at over 5 years. Four of the leases are Section 8. Tenants are responsible for their own utilities with the sewer expense charged back to the tenant. Most properties in this package have refinished hardwood floors or manufactured flooring in the living room and bedrooms rather than carpet which is expensive to replace plus ceramic tile floors in the kitchens and bathrooms rather than vinyl. Current rents are below market so there is a great opportunity to increase rents for a higher return. DO NOT disturb tenants or walk the properties (trespassing). Tenants are not aware of the sale. See document section for list of properties included in the package.

Additional Information

Gross Operating Income
134640
Total Expenses
$49,344
School District
Ferguson-Florissant R-II
Elementary School
Cool Valley Elem.
Jr. High School
Ferguson Middle
Sr. High School
Mccluer South-Berkeley High
Parking Description
Carport, On Street Parking, Other
Cooling
Wall Unit(s), Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Gas
Taxes Paid
11627
Selling Terms
Cash, Conventional
Buyers Agent Commission
2.7

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Listing courtesy of Worth Clark Realty.

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