9640 Diamond

Estimated Monthly Payment: $13,794/mo 9640 Diamond, St Louis, MO 63137 MLS# 19067306 Multi-Family 5+ Listing Status: Pending
46,442 sqft
171
39
0
0

REMARKS:

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 2018 was $400,928 with net operating inc of $205,823 which is a 9% cap rate with the ability to raise rents and add value. 81 units were recently renovated and there have been significant recent capital improvements totaling $233k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, railings and staircases were replaced along with plumbing stacks, tuckpointing and a retaining wall. On-site management office, on-site laundry, large maintenance storage space, camera monitoring system. All-electric complex. 78 of the 86 units are rented, a 91% occupancy rate. Rare opportunity to purchase large profitable multi-fam complex with growth potential. Property mang co interested to stay on.

OVERVIEW:

Multi-Family 5+
Pending
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

SCHOOLS:

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

FINANCIAL:

$2,225,000
$43,769
2018

NEIGHBORHOOD & SCHOOL INFORMATION:

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