NOT LISTED FOR SALE
10 Beds
-- Bath
4,500 Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: August 26, 2021

19 Days on Market

About This Home

As of August 2021

Phenomenal opportunity in this METICULOUSLY MAINTAINED 10 unit apartment building! Roof/windows replaced in 2013. Siding/soffit/fascia replaced 2019. Nearly every HVAC system recently replaced. Parking lot sealed/striped in 2021. Amazing performance records here. Long term tenants (average residency is 32 months). Building is 100% ACH Auto-Debit and currently averages $6510 MONTHLY rents. Lease extensions and great tenant relationships forecast rent increase to $6650 MONTHLY by year end 2021 and $7250 MONTHLY by year end 2022. With incredible owner response to all work needs, this building has virtually no deferred maintenance. Located just minutes from Interstate 70, Ameristar and Hollywood Casino, Streets of St. Charles, St. Charles Convention Center, Bass Pro, Historic St. Charles and the developing Riverpointe project! Being a short drive to Lambert STL Airport and Downtown St. Louis are all draws to prospective tenants. This WELL-OILED machine is the jewel you've been seeking!

Last Agent to Sell the Property

Rich Loughridge

Trademark Real Estate, Inc License #2005034336 Listed on: 05/18/2021

Co-Listed By

Steve Snarzyk

Trademark Real Estate, Inc License #2005019975

Last Buyer's Agent

Rich Loughridge

Trademark Real Estate, Inc License #2005034336 Listed on: 05/18/2021

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 10,019

Home Design

  • 4,500 Sq Ft Home
  • Brick Exterior Construction
  • Vinyl Siding

Parking

  • 1 Parking Space Included
  • Guest Parking
  • Parking Lot

Schools

  • Lincoln Elem. Elementary School
  • Jefferson / Hardin Middle School
  • St. Charles High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • 10,019 Sq Ft Lot
  • Suburban Location

Community Details

  • 10 Units
  • Low-Rise Community

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 6-014B-6747-00-000A.0000000

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex, Apt Bldg/Exterior En
  • Municipality Township: St. Charles
  • Age: 61
  • Ownership: Private
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 4500

Exterior Features

  • Construction: Brick Veneer Predom, Vinyl Siding

Garage/Parking

  • Parking: 1 Space/Unit, Guest Parking, Parking Lot

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: Lincoln Elem.
  • Junior High School: Jefferson / Hardin
  • School District: St. Charles R-VI
  • Senior High School: St. Charles High

Lot Info

  • Lot Dimensions: 0.23 acre
  • Lot Sq Ft: 10019
  • Location: Suburban
  • Acres: 0.2300

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric

Multi Family

  • Building Info: Smoke/Alarm Detector
  • Building Number: 1
  • Gross Operating Income: 75800.00
  • Total Units: 10
  • Total Expenses: 13792.00

Tax Info

  • Taxes Paid: 6520
  • Assessor Parcel Number: 6-014B-6747-00-000A.0000000

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold -- -- --
06/07/2021 06/07/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $895,000 -- $199 / Sq Ft
Source: MARIS MLS

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Map

Source: MARIS MLS

MLS Number: MIS21031988

MARIS MLS
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