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181 Northport Hills Drive

Florissant, MO 63033
  • $1,995,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: 24021523
UPDATED: 79 min ago
$1,995,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1984
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Incredible opportunity to purchase a package of 18, income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parking lot and new complete high efficiency HVAC systems installed in all units. The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-20T12:40:39.563.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
www.beckyoneill.com/homes/149295471
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181 Northport Hills Drive Florissant, MO 63033

  • Price: $1,995,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 79 min ago
  • ID#: 24021523
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
Afshari Estates
County:
St Louis
Area:
McCluer North
Elementary School:
Commons Lane Elem.
Middle School:
Cross Keys Middle
High School:
Mccluer North High
School District:
Ferguson-Florissant R-Ii
Property Description
Incredible opportunity to purchase a package of 18, income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parking lot and new complete high efficiency HVAC systems installed in all units. The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.
Exterior Features

Attached Garage YN No Lot Size Dimensions 351 x 378 Parking Features Space/Unit - 1Guest Parking

Interior Features

Cooling Electric Heat Source Gas Heating Forced Air Heating YN Yes Laundry Features Lndry Connect all Un

Property Features

Association St. Louis Association of REALTORS Builder Model Low/1-2 Current Financing Cash OnlyConventional Disclosures UnknownNo Other Known Restr Inclusions Building & Land Lease Term LeasesMonth To Month Location Suburban Net Operating Income 168206 Possession Close Of Escrow Property Sub Type Multi-Family 5+ Property Sub Type Additional Other Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 12600 Tax Year 2022 Tenant Pays Cable TVElectricityGas Three Bed Units 18 Transaction Type Sale Water Source Public

Listing provided courtesy of Salient Realty Group, LLC: 3743687. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-20T12:40:39.563.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
 
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The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS
13208 Manchester Road
St. Louis MO, 63131