Jennifer Limbert - Coldwell Banker Premier Group

Description

Great cash flow and well maintained 10 unit apartment building located in Arnold within proximity of Fox High School. Built in 1970 this building comprises of all 1bed / 1.5 bath units with a unique loft style floor plan. Located on a quiet street next to a church. All units are independently metered with gas forced air heating and central cooling, 5 units have newer heating and cooling systems. Parking is more than adequate. Property is easy to rent and listed at an 8.52% cap rate with 11.66% cash on cash, minor updates could improve rents. Earliest closing is 1/1/19. Showing Friday November 23rd at noon. Please do not disturb tenants. Call listing agent for Offer Memorandum. Offers only via Special Sales Contract with lending pre approval.

Details

MLS#18090441
Sub-TypeResale
StatusPending - Show
Year1971
Days On Site67

Features

Building(s)1

Market Activity 63010

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Area Information

StateMO
CountyJefferson
CityArnold
Zip Code63010
AreaJefferson Co. R-7
Listing VS Median (in 63010)
Price:
$475,000
low | high
Med:
$237,950
99.905263157895% of Average
On Site:
67
low | high
Med:
182.5
36.712328767123% of Average
Listing Updated: 01/20/2019
MLS Number: 18090441
Listing Provided By:
Nicholas Smyrniotis  of  Apartment Advisors of America