Remarks

Incredible opportunity to purchase the Greenwood Apartments in Maplewood, MO to qualified investors. The property consists of 24, 1 bd/1 bth units. This opportunity has great upside potential by bringing rents to market rate and making cosmetic updates. In place rents are well below market with an average upside of $193. 15/24 units have been updated with new flooring and some updates to the bathrooms. There is potential to finish renovating the remaining units and to also incorporate in-unit laundry, which would add even higher rent potential.

Details

MLS#: 24076340
Price: $1,895,000

Style: Multi-Family 5+
Year Built: 1971

County: St Louis
Subdivision: Greenwood
Lot Size: 120 x 143
Tax Fee: 16475

School Elementary: Mrh Early Childhood Center
School Middle: Mrh Middle
School High: Maplewood-Richmond Hgts. High
School District: Maplewood-Richmond Heights