11 Unit Apartment Building Fully Occupied 10.8% Cap

[Mark Callicott]

11 Unit Apartment Building Fully Occupied and Well Maintained

5622 W Florissant St Louis, MO 63120

Asking $268000

Generating $4550 Monthly, Fully Occupied

10.8% Cap

Broker Price opinion at $375000

Priced below value for quick sale

Lots of equity at purchase

Property has been inspected and needed very little deferred maintenance.

Property management in place for the out of area investor.

Repair estimate $2870 Property management would handle the repairs.

2 story all brick building with 11-1 bedroom units. Highly visible on a major road with high traffic count and close to public transportation. Long term tenants in place. Off street parking lot in the rear as well as on street parking in front of the building. A health clinic was recently built next door.

Excellent opportunity for a high return, fully occupied building in good condition that is priced well below recent valuation by a licensed agent.

The St Louis market is extremely hot right now. Historically in any market with such low purchase prices and high rents there is appreciation due to investor activity. The numbers speak for themselves. Priced at less than $25k per door for a cash investor who can close quickly.

Click on the link for additional info 

Mark Callicott

5736297092

[email protected]