Incredible opportunity to purchase a package of 18

Income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parkng lot and new complete high efficiency HVAC systems installed in all units.

The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.

Request Information
on 181 Northport Hills Dr
in Florissant, MO
Presented by Timothy Mccarthy at
Salient Realty Group, Llc- MO.


Property MLS #24021523 from MARIS

+ Reveal additional info including schools and tax history

+ Toggle All

+ Appliances

Laundry Facilities: Lndry Connect all Un

+ Heating and Cooling

Cooling Features: Central-Electric
Heating Features: Forced Air
Heating Fuel: Gas
Water Heaters: Gas

+ Interior Features

Furnished Description: Building & Land

+ Land Info

Lot Size Acres: 3.0458677
Lot Size Dimensions: 351 x 378
Lot Size Square Feet: 132678

+ Garage and Parking

Parking Features: 1 Space/Unit, Guest Parking

+ School Information

Elementary School: Commons Lane Elem.
High School: Mccluer North High
Middle School: Cross Keys Middle
School District: Ferguson-Florissant R-II
+ Display Complete School Details

Commons Lane Elementary School is a public elementary school located approximately 0.8 miles away.
Map directions

Mccluer North High School is a public high school located approximately 1.3 miles away.
Map directions

Cross Keys Middle School is a public middle school located approximately 2.4 miles away.
Map directions

St Rose Philippine Duchesne School is a private elementary and middle school located approximately 0.8 miles away.
Map directions

+ Rental Info

Gross Income: 290320.00
Tenant Pays: Cable TV/Satellite, Electric, Gas

+ Multi-Unit Info

Number of Units: 18

+ Other Property Info

Annual Tax Amount: 12600
Source Listing Status: Active
County: St Louis
Directions: GPS
Tax Year: 2022
Source Property Type: Multi-Family 5+
Area: McCluer North
Source Neighborhood: Afshari Estates
Property Location: Suburban
Subdivision: Afshari Estates
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$6,540 + $1,220 $7,760	$683
2021	$6,540 + $1,220 $7,760	$681
2020	$5,740 + $1,670 $7,410	$699
2019	$6,350 + $1,670 $8,020	$685
2018	$5,210 + $1,520 $6,730	$696
2017	$5,210 + $1,520 $6,730	$692
2016	$5,660 + $1,060 $6,720	$709
2015	$6,590 + $1,060 $7,650	$713
2014	$5,020 + $1,690 $6,710	$691
2013	$5,020 + $1,690 $6,710	$627
2012	$4,260 + $1,690 $5,950	$557
2011	$4,260 + $1,690 $5,950	$550
2010	$4,960 + $1,690 $6,650	$590
2009	$7,620 + $1,690 $9,310	$743
2008	$7,620 + $1,690 $9,310	$716
2007	$7,620 + $1,690 $9,310	$739

+ Reveal Property Sale History

Listed 2024-04-10
$1,995,000
MARIS

---

Listing removed 2024-03-01
$1,995,000
MARIS

---

Sold 2021-04-21
$0
Public Record

---

Sold 2014-10-24
$0
MARIS

---

Sold 2010-01-19
$0
Public Record

---

Price Changed 2010-01-01
$39,950
MARIS

---

Price Changed 2009-12-14
$49,000
MARIS

---

Price Changed 2009-12-01
$54,950
MARIS

---

Listed 2009-10-13
$59,950
MARIS

---

Sold 2001-01-25
$0
Public Record

+ Commercial Info

Net Operating Income: 168206.00

+ Building and Construction

Year Built: 1984
Building Features: Smoke/Alarm Detector
Property Age: 40
Architectural Style: Low/1-2

+ Accessibility Features

Smoke/Alarm Detector

+ Utilities

Sewer: Public
Water Source: Public