Wholesaler · Lake Saint Louis, MO · Member since 2016 · 21 posts · 4 votes
11 Unit Apartment Building
5622 W Florissant St Louis, MO
Fully Occupied and Well Maintained
Asking $298000
Grossing $4550 monthly
10.1% Cap
BPO just completed at $375000
Priced below value for a quick sale
All units are 1 bedroom with long term tenants. On a major road, easy to rent. Roof is 1 year old. Brick is in very good condition with no cracking or tuckpointing needed. A small clinic was just built next door. The units are all electric and are separately metered. Each unit had hotel style heating and a/c units installed.
Bring in a buyer who can close quickly and I will pay a $15000 joint venture fee. Or I would reduce the price by $15k if dealing direct with a buyer.
Numerous properties available. Feel free to contact me for more info.