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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Overland No 2
MLS Listing ID 23035819
Sold Date 02/02/24
Construction Status 65
Year Built 1959
Building Age 65
Lot Dimensions 100 x 192
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.
Location
State MO
County St Louis
Area Ritenour
Interior
Heating Forced Air
Cooling Electric, Window Unit(s)
Fireplace N
Laundry Lndry Connect Sm Un
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 65
Schools
Elementary Schools Iveland Elem.
Middle Schools Hoech Middle
High Schools Ritenour Sr. High
School District Ritenour
Others
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with David Nations
- Arnold
- Hazelwood
- O'Fallon
- Ballwin
- High Ridge
- St. Charles
- Barnhart
- Hillsboro
- St. Louis
- Bridgeton
- Imperial
- St. Peters
- Chesterfield
- Innsbrook
- Town & Country
- Clayton
- Kirkwood
- University City
- Cottleville
- Ladue
- Warrenton
- Creve Coeur
- Lake St. Louis
- Washington
- Fenton
- Manchester
- Wentzville
- Florissant
- O'Fallon
- Wildwood
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