
Seller's Agent in 2014
Paul Cunningham
RE/MAX
(314) 406-4896
20 Total Sales
Rare opportunity to own a 29 unit town-home community in south county!
7.53% cap rate on 2013 income/expenses. 12% cash-on-cash return.
Seller will consider 5% 2nd deed of trust for qualified buyer.
Quiet, family-oriented cul-de-sac street feels like a single family neighborhood. 3 bedroom, 1.5 bath townhomes offer living space comparable to a small home. Large, grassy field at end of cul-de-sac included in sale, great for families/children. Possibility to build more units there.
Many recent improvements, including all new thermal windows. 1 building has new roof in 2012. Balance of roofs have plenty of life left. Newer gutters/downspouts/fascia. 20 townhomes have bath & plumbing updates, ceiling fans/overhead lighting installed in bedrooms, carpet, etc. laundry room in each unit. Semi-private rear patios. 64 parking spaces. Potential to increase rents through kitchen upgrades. Historical occupancy 96-97%. Very easy to rent.
Last Agent to Sell the Property
RE/MAX Results License #2000150563 Listed on: 05/12/2014
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
08/11/2014 08/11/14 | Sold | -- | -- | -- |
08/11/2014 08/11/14 | For Sale | $2,320,000 | -- | $79 / Sq Ft |
07/29/2014 07/29/14 | Pending | -- | -- | -- |
Seller's Agent in 2014
Paul Cunningham
RE/MAX
(314) 406-4896
20 Total Sales
Source: MARIS MLS
MLS Number: MIS14008666
APN: 27H-2-1-089-1