$1,850,000
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Active MLS # 24021523 | Listed by Salient Realty Group, LLC
Active MLS # 24021523 | Listed by Salient Realty Group, LLC
181 Northport Hills Drive is a $1,850,000 home located in Florissant, MO.
Seller’s Description
Incredible opportunity to purchase a package of 18, income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parking lot and new complete high efficiency HVAC systems installed in all units. The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.
Features
INTERIOR
| Interior Features | Lndry Connect all Un |
| Cooling Types | Electric |
| Heating Types | Forced Air |
EXTERIOR
| Parking Types | Guest Parking |
| Exterior Features | Close Of Escrow None Cable TV Electricity Gas |
| Water Source | Public |
| Sewer | Public Sewer |
PROPERTY
| Property Type | Commercial Sale |
| Property Sub Type | Multi-Family 5+ |
| Year Built | 1984 |
| HOA Fee | $0.00 |
| Taxes | $12,600.00 |
| County | st louis |
| School District | ferguson-florissant r-ii |
| Elementary School | commons lane elem. |
| Middle School | cross keys middle |
| High School | mccluer north high |
| Neighborhood | Afshari Estates |
This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Data last updated 07/27/2024 at 03:52am MDT.
