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Multifamily For Sale

9640 Diamond, St Louis, Missouri 63137

$2,225,000
0 Bedrooms
0 Bathrooms
46,442 Sqft
Listing ID #19067306
Property Description

Opportunity to purchase a large well maintained 86 unit apt complex located on secluded 1.5-acre lot overlooking the Mississippi River. This 46,442 sq ft complex is comprised of 68 one-bed units, 17 two-bed units & one efficiency unit. The total gross inc for 2018 was $400,928 with net operating inc of $205,823 which is a 9% cap rate with the ability to raise rents and add value. 81 units were recently renovated and there have been significant recent capital improvements totaling $233k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, railings and staircases were replaced along with plumbing stacks, tuckpointing and a retaining wall. On-site management office, on-site laundry, large maintenance storage space, camera monitoring system. All-electric complex. 78 of the 86 units are rented, a 91% occupancy rate. Rare opportunity to purchase large profitable multi-fam complex with growth potential. Property mang co interested to stay on.

Basic Details
Property Type : Multifamily
Listing ID : 19067306
ListingStatus : Active
Price : $2,225,000
Bedrooms : 0
Bathrooms : 0
Square Footage : 46,442 Sqft
Floors : 4
Year Built : 1976
Lot Area : 1.44 Acre
Tax Year : 2018
Tax Amount : $43,769
Property Type : Apartment
PropertySubType : Apartment Complex
Address Info
Click Here!
9640 Diamond
US
MO
St Louis
St Louis
Riverview Gardens
63137
W91° 47' 27''
N38° 44' 24.2''
https://goo.gl/maps/yCia31ZwJ2rHynhe7
School Information
Riverview Gardens,Riverview Gardens,Riverview Gard
Highland Elem.,Riverview Gardens Sr. High,R. G. Central Middle
Agent Info
Listing
Invest St. Louis
Jordan
Schoen
Broker Info
Invest St. Louis
(314) 255-5117
St. Louis
MO
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