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Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 8,708 sqft
Price per Sqft $83
Subdivision Nordell Court
MLS Listing ID 22036533
Sold Date 08/01/22
Construction Status 62
Year Built 1960
Building Age 62
Lot Size 0.970 Acres
Acres 0.97
Lot Dimensions 245x201x59x125x14x188
Property Description
12 unit apartment complex located in a quiet residential neighborhood in the Hazelwood School District with mostly single family homes. Built in 1960 with 12 Ranch style units with the ability to build out a 13th unit which is currently a shell. There are currently 11 one bedrooms and 1 efficiency. Sale includes two lots, 25 Nordell Ct, the main lot with the apartment complex which is .97 acres and there is also 20 Nordell Ct, a .47 acre buildable residential lot totalling almost 1.5 acres. Complex features laundry facility with coin operated laundry and storage units for tenants. 1 Bedroom rents for as much as $700 which provides an opportunity to raise rents. If fully rented with rents of $700 for the 1 beds, $600 for the efficiency and the potential future unit rented for $700 the building would generate $9,000 a month. Low maintenance building with a number of long term tenants. Easy to rent and has been at 97% occupancy. Plenty of off street parking.
Location
State MO
County St Louis
Area Hazelwood Central
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Coin Operated, Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status 62
Schools
Elementary Schools Jury Elem.
Middle Schools Central Middle
High Schools Hazelwood Central High
School District Hazelwood
Others
Ownership Private
Acceptable Financing Cash Only, Conventional, Exchange
Listing Terms Cash Only, Conventional, Exchange
Special Listing Condition None
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Bought with Holly Gerchen