Twelve 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 a laundry facility with Hoppy’s coin operated laundry for tenants and there are also storage units for tenants.

1 Bedroom apartment 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.

WIth the future unit rented out with rents of $700 for the 1 beds and $600 for the efficiency the building would generate $102,600 with 5% vacancy.This is a low maintenance building with a number of long term tenants.

Building is easy to rent and has been at 97% occupancy.

Plenty of off street parking in the back of the building.

Located close to a Walgreens and Fire Station.

This well-maintained apartment complex is located in the South Hampton neighborhood across the street from Christy Park and a half-mile from a $72M development planned covering 12 acres on Kingshighway.

• There is a value add component to the property with a strong rental market in the area. Similar sized updated one-bedroom apartments renting for as much as $950.
• Completing a cosmetic update of the units including kitchens, baths, HVAC and in-unit laundry could generate top of the market rents. There is a closet in the apartments that would work well for in-unit laundry.
• A lesser cosmetic update of the units including kitchens and baths could also potentially raise rents significantly.
• Built-in 1928 this building has beautiful architectural detail with interior features like common areas with terrazzo floors.
• Building has updated electric panels and exterior service, storage units for tenants, common area laundry, some pvc plumbing, seller currently provides heat through a boiler system.
• There are 3 commercial spaces on the first floor with 2 occupied. These commercial spaces could be converted to apartments as well to have an all apartment complex.

-Located in Botanical Heights just a few doors down from City Garden Montessori School, Union Loafers and Olio.
-This four-family building has undergone extensive renovation.
-Renovation included completely updated kitchens with white shaker cabinets, quartz countertops, matching stainless steel appliances including dishwasher, in-unit washer dryers, new lighting and hardware, etc. All using top-of-the-line finishes.
-Building features central air, beautiful hardwood floors, a clean dry well kept basement, fenced backyard with parking pad, clawfoot tubs with updated bathrooms.
-All units are two bedrooms that are all rented for $1,149 a month each.
-Units are rented under market rent for the neighborhood. There are numerous rent comparables that support considerably higher rents, some over $2 per sq ft recently within a mile.
-All leases expire in the next few months and rents can be raised at that time.
-Also possible for an owner occupant to live in one unit and have the tenants pay the mortgage.
-We will show the property Friday 5/6 and review any offers at 10 am 5/9/22. Please give a response time of 3 pm on 5/9/22.