100% leased with waiting list - Property showings with accepted contract only. Buyers to submit proof of 20% funds down with offers. 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!!!!
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