
Property Attributes
- MLS#23035819
- TypeMulti-Family
- CountyST LOUIS
- CityOverland
- AreaRitenour
- NeighborhoodOverland No 2
- Zip63114
- Style
- Year Built1959
- Taxes$ 9870
- Price$ 850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Mid America Regional Information Systems (MARIS)
Property Description
Great opportunity to acquire 2323 Woodson, a 12-unit apartment complex property located in the heart of Overland. The property is currently performing very strong with an in-place cap rate of 8.95%, but also has potential for even more upside through increasing rents to market rate and implementing utility charge backs - resulting in a 10.79% proforma cap rate. All units except for studios have laundry hook ups. Majority of the laundry machines are seller owned. All non studio units have central HVAC. Studios have window AC units and forced air heat. The property also has 13 parking spaces.
Elementary School | Middle School | High School |
---|---|---|
Iveland Elem. | Hoech Middle | Ritenour Sr. High |
Price History | |
---|---|
6/22/2023 | Listed $895,000 |
6/26/2023 | 6% - $850,000 |
General Features
Attached Garage | No |
---|---|
City | Overland |
Construction Materials | Brick |
Cooling | Electric, Window Unit(s) |
County | St Louis |
Days on Market | 119 |
Directions | GPS |
Disclosures | Unknown, Sellers Discl Not Av |
Elementary School | Iveland Elem. |
Heating | Forced Air |
High School | Ritenour Sr. High |
High School District | Ritenour |
MLS Area | Ritenour |
Middle/Junior High School | Hoech Middle |
Net Operating Income | 76060 |
Possession | Close Of Escrow |
Property SubType | Multi-Family 5+ |
Property Type | Commercial Sale |
Sewer | Public Sewer |
Standard Status | Active |
Street Name | Woodson |
Subdivision Name | Overland No 2 |
Tax Annual Amount | 9870 |
Tax Year | 2022 |
Tenant Pays | Electricity, Gas |
Total Units | 12 |
Township | Overland |
Year Built | 1959 |
ok to Lease | Leases |
Interior Features
Heating Y/N | Yes |
---|---|
Laundry Features | Lndry Connect Sm Un |
Exterior Features
Showinginstructions | Call Listing Agent |
---|---|
Builder Model | Low/1-2 |
Inclusions | Building & Land |
Lot Dimensions | 100 x 192 |
Parking Features | Space/Unit - 1 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool