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    9640 Diamond

    St Louis, MO 63137
    • $2,125,000
    • STATUS: Closed
    • ON SITE: 444 days
    • ID#: 19067306
    Sold - 07/01/2020
    $2,125,000
    SOLD - 07/01/2020
    • 0
      BEDS
    • 1.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 46,442
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Information

    Elementary School:
    Middle School:
    School District:

    Description

    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 2019 was $393,524 with net operating inc of $198,398 which is a 8.8% cap rate with the ability to raise rents and add value. 29 units were recently renovated in 2020 and there have been significant recent capital improvements totaling $318k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, etc. On-site management office, on-site laundry with new cashless washer/dryers installed, large maintenance storage space, camera monitoring system. All-electric complex. Building is currently 85% occupied and rising, historical occupancy above 90%.

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    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-11-23T10:49:18.057.

    Kelly Hager Group | TdD Premier Real Estate: (636) 778-1217
    www.stlouisareahomesearch.com/homes/98692849
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    9640 Diamond St Louis, MO 63137

    • Price: $2,225,000
    • Status: Closed
    • Updated: 75 min ago
    • ID#: 19067306
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.44
    Acres
    46,442
    SQFT
    $0
    $/SQFT
    1976
    Built
    Neighborhood:
    Riverview Gardens
    County:
    St Louis
    Area:
    Riverview Gardens
    Elementary School:
    Highland Elem.
    Middle School:
    R. G. Central Middle
    High School:
    Riverview Gardens Sr. High
    School District:
    Riverview Gardens
    Property Description
    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 2019 was $393,524 with net operating inc of $198,398 which is a 8.8% cap rate with the ability to raise rents and add value. 29 units were recently renovated in 2020 and there have been significant recent capital improvements totaling $318k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, etc. On-site management office, on-site laundry with new cashless washer/dryers installed, large maintenance storage space, camera monitoring system. All-electric complex. Building is currently 85% occupied and rising, historical occupancy above 90%.
    Exterior Features

    Building Style Mid-Rise 3Or4 Story Construction Brick/Stone Msn Pred Location RuralSuburban Lot Dimensions 125X60x292x51x74x560x192 Parking Description On Street ParkingParking Lot

    Interior Features

    Building Unit Info Smoke/Alarm Detector Cooling Central-Electric Heat Source Electric Heating Electronic Air FltrsBaseboardIndividual Furnaces Laundry Common Laundry Water Heater Electric

    Property Features

    1 Bed Units 68 Assoc Fee Paid None Association St. Louis Association of REALTORS BLDFIN Accounting/LegalAdvertisingInsuranceLicenses/PermitsManagementMaintenance/RepairsUtilities Cable Available Yes Conditions Unknown Contingent Info Subject To Financing Disclosures Occupancy Perm Req Efficiency Units 1 Gross Operating Income 393524.00 Lot Size Source County Records Net Income 198398.00 Ownership Private Possession At Closing Possible Buyer Fees YN No Propane Tank None Property Type Multi-Family 5+ Sale Includes Building & Land Selling Terms CashConventionalGovernmentPrivateVaOther Sewer Public Some Include RefrigeratorRange/Oven Special Listing Conditions None Square Footage Source County Records Tax Year 2018 Taxes Paid 43769 Tenancy Type LeasesMonth To MonthNone Tenant Pays Electric Total Expenses 195126.00 Transaction Type Sale Type Apartment Complex Water Public

    Listing provided courtesy of Invest St. Louis. Listing information © 2020 Mid America Regional Information Systems, Inc.
    Listing information © 2020 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2020-11-23T10:49:18.057.

    Kelly Hager Group | TdD Premier Real Estate: (636) 778-1217
     
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    Kelly Hager Group | TdD Premier Real Estate
    16091 Swingley Ridge, Suite 220
    Chesterfield MO, 63017