1612 North 4th St
De Soto, MO 63020

Description

Listing includes 48 brick garden apartments and duplexes. There are (11) 1BDR units with attached carports; (29) 1BDR units with a den, each with a 1-car attached garage. Also (4) 2BDR duplexes, each with a full basement that includes an oversized two-car basement garage. There are a total of (6) buildings that are designed with 5 to 11 units each, plus the duplexes. The complex has been well maintained and has always enjoyed very high occupancy levels. Several tenants have occupied their unit for many years. As a result many of the apartments are rented below market. The 11 one-bedroom units and 8 of the 1BDR with den have a separate laundry room with coin-operated washers and dryers and an activity/community room. The other (21) 1BDR with den and the (4) duplexes have individual washer and dryer hookups. Rents have good upside potential and are currently $450/month for the (11) 1BDR units; $550/month for 29 1BDR with den and $600/month for each of the duplex units.

Details

MLS#19055495
Sub-TypeResale
StatusActive
Year1991
Days On Site27

Features

Building(s)1

Market Activity 63020

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Area Information

StateMO
CountyJefferson
CityDe Soto
Zip Code63020
AreaDesoto
Listing VS Median (in 63020)
Price:
$2,950,000
low | high
Med:
$89,900
100% of Average
On Site:
27
low | high
Med:
55
49.090909090909% of Average
Listing Updated: 08/21/2019
MLS Number: 19055495
Listing Provided By:
Ronny Mayer  of  Farm Home Realty Inc.