9640 Diamond

Estimated Monthly Payment: $13,794/mo 9640 Diamond, St Louis, MO 63137 MLS# 19067306 Multi-Family 5+ Listing Status: Active Under Contract
46,442 sqft
274
78
0
0

REMARKS:

This property is available for offers as the seller can entertain offers from a new buyer. 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 2019 was $393,524 with net operating inc of $198,398 which is a 8.8% cap rate with the ability to raise rents and add value. 29 units were recently renovated in 2020 with $85,000 spent on the the units passing occupancy and there have been significant recent capital improvements totaling $318k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, etc. On-site management office, on-site laundry with new cashless washer/dryers installed, large maintenance storage space, camera monitoring system. All-electric complex. Building is currently 85% occupied and rising, historical occupancy above 90%.

OVERVIEW:

Multi-Family 5+
Active Under Contract
https://goo.gl/maps/yCia31ZwJ2rHynhe7
Riverview Gardens
Riverview Gardens
46442
62901
Brick/Stone Msn Pred
Electronic Air Fltrs, Baseboard, Individual Furnaces
Electric
Central-Electric
Public
Public
1976
On Street Parking, Parking Lot
1.44

FEATURES:

Riverview

ROOM INFO:

1

SCHOOLS:

Highland Elem.
R. G. Central Middle
Riverview Gardens Sr. High
Riverview Gardens

FINANCIAL:

$2,225,000
$43,769
2018

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Invest St. Louis

 

 

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