1612 North 4th Street

    De Soto, MO 63020
    • $2,950,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: 19055495
    $2,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Listing includes 48 brick garden apartments and duplexes. There are (11) 1BDR units with attached carports; (29) 1BDR units with a den, each with a 1-car attached garage. Also (4) 2BDR duplexes, each with a full basement that includes an oversized two-car basement garage. There are a total of (6) buildings that are designed with 5 to 11 units each, plus the duplexes. The complex has been well maintained and has always enjoyed very high occupancy levels. Several tenants have occupied their unit for many years. As a result many of the apartments are rented below market. The 11 one-bedroom units and 8 of the 1BDR with den have a separate laundry room with coin-operated washers and dryers and an activity/community room. The other (21) 1BDR with den and the (4) duplexes have individual washer and dryer hookups. Rents have good upside potential and are currently $450/month for the (11) 1BDR units; $550/month for 29 1BDR with den and $600/month for each of the duplex units.

    Monthly Payment Calculator

    Listing information © 2019 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2019-09-16T23:49:29.417.

    The Kathy Helbig Group: (314)-276-7653
    www.kathyhelbiggroup.com/homes/97305863

    1612 North 4th Street De Soto, MO 63020

    • Price: $2,950,000
    • Status: Active
    • ID#: 19055495
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1991
    Built
    Neighborhood:
    Westbury
    County:
    Jefferson
    Area:
    Desoto
    Elementary School:
    Vineland Elem.
    Middle School:
    Desoto Jr. High
    High School:
    Desoto Sr. High
    School District:
    Desoto 73
    Property Description
    Listing includes 48 brick garden apartments and duplexes. There are (11) 1BDR units with attached carports; (29) 1BDR units with a den, each with a 1-car attached garage. Also (4) 2BDR duplexes, each with a full basement that includes an oversized two-car basement garage. There are a total of (6) buildings that are designed with 5 to 11 units each, plus the duplexes. The complex has been well maintained and has always enjoyed very high occupancy levels. Several tenants have occupied their unit for many years. As a result many of the apartments are rented below market. The 11 one-bedroom units and 8 of the 1BDR with den have a separate laundry room with coin-operated washers and dryers and an activity/community room. The other (21) 1BDR with den and the (4) duplexes have individual washer and dryer hookups. Rents have good upside potential and are currently $450/month for the (11) 1BDR units; $550/month for 29 1BDR with den and $600/month for each of the duplex units.
    Exterior Features

    Lot Dimensions 0X0 Parking Description 1 Space/Unit2+ Space/Unit

    Interior Features

    Building Unit Info No Units FurnishedSmoke/Alarm Detector Cooling Ceiling FanCentral-ElectricHeat Pump Heat Source Electric Heating Forced AirHeat Pump Interior Misc Community/Rec Room Laundry Common LaundryPrvt Laund Some Unit Water Heater Electric

    Property Features

    1 Bed Units 40 Association Southern Gateway Association Of Realtors Cable Available Yes Conditions Unknown Cross Street Address Donaldson Disclosures CityFlood Plain NoOccupancy Perm ReqOthr-Call List Agent Gross Operating Income 0.00 Lot Size Source County Records Net Income 0.00 Ownership Private Possession At Closing Possible Buyer Fees YN No Propane Tank None Property Type Multi-Family 5+ Sale Includes Building & Land Selling Terms CashConventional Sewer Public Special Listing Conditions None Tax Year 2018 Taxes Paid 0 Tenancy Type LeasesMonth To Month Tenant Pays ElectricOtherSewerTrash RemovalWater Total Expenses 0.00 Transaction Type Sale Type Apartment Complex Water Public

    Listing provided courtesy of Farm & Home Realty, Inc.. Listing information © 2019 Mid America Regional Information Systems, Inc.
    Listing information © 2019 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2019-09-16T23:49:29.417.

    The Kathy Helbig Group: (314)-276-7653
     
    The Kathy Helbig Group
    146 Chesterfield Valley Drive
    Chesterfield MO, 63005