$2,700,000

3605 Vescovo Dr

Mehlville MO, 63125

Description

100% leased with waiting list - Property showings with accepted contract only. Buyers to submit proof of 20% funds down with offers. Turn-key Community of 29 -3 bed/1.5 bath townhomes in a great south county location close to downtown St. Louis. Located on a quiet cul-de-sac with additional grass field included in sale. Feels like a neighborhood, not an apartment complex. Unincorporated St. Louis county, Mehlville schools (AAA rated). Only 15 minutes from Downtown STL! High historic occupancy & low turnover. 21 units have been renovated. 7.39% cap rate on 2018 numbers, 7.60% proforma cap rate with all rents at $925. Most recent rental rate is $925/mo. Many tenants below that rate, so there is plenty of rent upside. Separate furnaces, water heaters & elec for low owner expenses. Newer thermal replacement windows in all 29 units. 2+ parking spaces per unit. Attractively priced for a townhome-style community in a very central St. Louis metro location!!!!

Details

MLS#19033514
Sub-TypeResale
StatusActive
Year1971
Days On Site132

Features

SQ Feet29,493
Building(s)1

Market Activity 63125

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Area Information

StateMO
CountySt Louis
CityMehlville
Zip Code63125
AreaMehlville
Listing VS Median (in 63125)
Price:
$2,700,000
low | high
Med:
$129,950
100% of Average
SqFt:
29,493
low | high
Med:
1,541
100% of Average
$ / SqFt:
$92
low | high
Med:
$85
57.011079167017% of Average
On Site:
132
low | high
Med:
18.5
100% of Average
Listing Updated: 09/14/2019
MLS Number: 19033514
Listing Provided By:
Paul Cunningham  of  RE MAX Results