NOT LISTED FOR SALE
87 Beds
58 Baths
29,493 Sq Ft
3.99 Acres

Last Sold August 11, 2014

Highlights

  • 173,979 Sq Ft lot
  • Eat-In Kitchen
  • Laundry in Utility Room

About This Home

As of August 2014

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

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 05/12/2014

RE/MAX Results

Last Buyer's Agent

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 05/12/2014

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 3.99 Acre Lot
  • Lot Dimensions are 264x942

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 2 Parking Spaces Included
  • Over 1 Space Per Unit

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Laundry in Utility Room
  • Suburban Location

Community Details

  • 4 Buildings

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Cross Street: Lemay Ferry
  • Municipality Township: Unincorporated
  • Age: 42
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Laundry: Prvt Laund all units

Exterior Features

  • Exterior Features: Brick Veneer Predom

Garage/Parking

  • Parking: 2+ Space/Unit

Utilities

  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Forced Air, Individual Furnaces
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas

Schools

  • School District: Mehlville R-IX
  • Elementary School: Oakville Elem.
  • Middle School: Oakville Middle
  • High School: Mehlville High School

Lot Info

  • Lot Dimensions: 264X942
  • Lot Sq Ft: 173979
  • Location: Suburban

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Gas

Multi Family

  • Building Number: 4
  • Gross Operating Income: 274808.00
  • Total Expenses: 100327.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

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 -- -- --
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: MARIS MLS

MLS Number: MIS14008666

MARIS MLS

APN: 27H-2-1-089-1