3605 Vescovo Drive

Estimated Monthly Payment: $12,312/mo 3605 Vescovo Drive, Mehlville, MO 63125 MLS# 19033514 Multi-Family 5+ Listing Status: Active
29,493 sqft
18
2
0
0

REMARKS:

Turn-key Community of 29 -3 bed/1.5 bath townhomes in a great south county location close to downtown St. Louis. Located on a quiet cul-de-sac with additional grass field included in sale. Feels like a neighborhood, not an apartment complex. Unincorporated St. Louis county, Mehlville schools (AAA rated). Only 15 minutes from Downtown STL! High historic occupancy & low turnover. 21 units have been renovated. 7.39% cap rate on 2018 numbers, 7.60% proforma cap rate with all rents at $925. Most recent rental rate is $925/mo. Many tenants below that rate, so there is plenty of rent upside. Separate furnaces, water heaters & elec for low owner expenses. Newer thermal replacement windows in all 29 units. 2+ parking spaces per unit. Attractively priced for a townhome-style community in a very central St. Louis metro location!!!!

OVERVIEW:

Multi-Family 5+
Active
Lemay Ferry to Vescovo.
Mehlville
carondelet commons
29493
172062
Brick/Stone Msn Pred
Forced Air, Individual Furnaces
Gas
Central-Electric
Public
Public
1971
2+ Space/Unit
3.95

FEATURES:

Unincorporated

SCHOOLS:

Oakville Elem.
Bernard Middle
Mehlville High School
Mehlville R-IX

FINANCIAL:

$2,700,000
2018

NEIGHBORHOOD & SCHOOL INFORMATION:

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