Property Showcase

9640 DiamondSaint Louis, MO 63137

$2,225,000
Multi-Family
Status: Contract Pending
  • Sqft:46,442
  • Lot:125x60x292x51x74x560x192
  • MLS#: 19067306
38.739982604980469-90.209564208984375
Courtesy Of Invest St. Louis

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 2018 was $400,928 with net operating inc of $205,823 which is a 9% cap rate with the ability to raise rents and add value. 81 units were recently renovated and there have been significant recent capital improvements totaling $233k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, railings and staircases were replaced along with plumbing stacks, tuckpointing and a retaining wall. On-site management office, on-site laundry, large maintenance storage space, camera monitoring system. All-electric complex. 78 of the 86 units are rented, a 91% occupancy rate. Rare opportunity to purchase large profitable multi-fam complex with growth potential. Property mang co interested to stay on.

Main Features:

Listing Status Contract Pending Year Built 1976
School District Highland Elem. School District2 R. G. Central Middle
School District3 Riverview Gardens Sr. High School District Riverview Gardens
County Saint Louis Taxes $43,769.00
Tax Year 2018 Rental Price $0
Units 86 Subdivision Riverview Gardens

Additional Features:

Building Features Smoke/Alarm Detector
Building Type Mid-Rise 3or4 Story
Construction Brick/Stone Msn Pred
Contingency Type Subject to Financing
Subject to Inspec.
Cooling Central-Electric
Disclosures Occupancy Perm Req
Garage Type On Street Parking
Parking Lot
Heating Baseboard
Electric
Electronic Air Fltrs
Individual Furnaces
HoaFeesFrequency None
Laundry Common Laundry
Location Rural
Suburban
Ownership Private
Possession At Closing
Rental Type Leases
Month To Month
None
Sale Includes Building & Land
Sale Terms Cash
Conventional
Government
Other
Private
VA
Sewer Public
Special Conditions Unknown
Special Listing Condition None
Tenant Pays Electric
Transaction Type Sale
Water Public
Waterheater Electric

Extra Features:

Annual Expenses 195105.00 Gross Income 400928.00
Legal Description RIVERVIEW GARDENS LOTS 44 THRU 46 (2 24 75) Net Operating Income 205823.00
Possible Buyer Fees YN No Property Type Multi-Family 5+
Tax ID 12E-61-0302 Total Acres 1.4440

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Mid America Regional Information Services (MARIS). Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Mid America Regional Information Services (MARIS) does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed.
Copyright© 2020 Mid America Regional Information Services (MARIS). All Rights Reserved.
Last Updated On: 2/26/2020 9:48:51 PM

9640 Diamond, Saint Louis, MO 63137

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Mid America Regional Information Services (MARIS). Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Mid America Regional Information Services (MARIS) does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed.
Copyright© 2020 Mid America Regional Information Services (MARIS). All Rights Reserved.
Last Updated On: 2/26/2020 9:48:51 PM

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