$170,000
$170,000
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0.35 Acres Lot
SOLD DATE : 06/30/2022
Key Details
Sold Price $170,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Subdivision Pools
MLS Listing ID 22008851
Sold Date 06/30/22
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 106x142
Property Description
Here is an opportunity to own a portfolio of properties in Fenton, MO that includes a quadplex (listed here) along with a duplex and two building lots that are all adjacent to each other and located about 3 miles from Rt. 141 and Hwy 44 in Fenton, 63026. These are in Jefferson County but are just a few streets away from the St. Louis County line so they are off the radar of most St. Louis investors. The package is priced at $320,000 and includes this $170,000 quadplex with a monthly rent of $3175, a $75,000 duplex with a $1175 monthly rent plus two building lots priced at $37,500 each. The quadplex has over a 10% cap rate and the duplex has over a 9% cap rate allowing for taxes, utilities, insurance, 5% vacancy, 10% maintenance, and 8% property management. The properties are fully leased with leases that have rolled over to MTM leases on all but one unit. Please see the pdf brochure in the document section for additional details, maps and photos.
Location
State MO
County Jefferson
Area Northwest
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Electric, Individual Units
Fireplace N
Appliance Some Insulated Window(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Smoke Alarm(s), Washer/Dryer
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer, Cedar, Vinyl Siding
Schools
Elementary Schools Murphy Elem.
Middle Schools Wood Ridge Middle School
High Schools Northwest High
School District Northwest R-I
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Michael Galbally
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "