5264 Old State Rte 21, Imperial MO 63052
$1,932,000 (Listed Sold)

52 Unit Well-Maintained Verda Vista Apartment Complex in Imperial, MO

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Invest in St. Louis

Verda Vista Apartment Complex – 52 Units:

 

  • 4 all brick buildings
  • 28 one bedroom units renting at $415
  • 24 two bedroom units renting at $500
  • Rents are below market
  • All electric
  • Tenant pays for water
  • Private sewer system
  • Great rural location
  • 6.25 Acres, room for growth
  • Central air
  • Individual furnaces

 

Rent Income:   $250,730

Laundry:          $2,544

 

Total Revenue: $253,274

 

Expenses:

Insurance          $9,900

Taxes                $15,677

Maintenance     $12,120

Sewer               $2,850

Electric             $5,912

Water                $999

Trash                $3,288

 

Total Expenses: $50,746

 

Net Income:      $202,528

 

Potential Rental Income:

 

1br x 28 at $465: $156,240

2br x 24 at $575: $165,600

 

Total Potential Rental Income: $321,840

 

Total Potential Net Income:  $271,094

 

 

This property can be purchased individually, or with the 18 Unit Cimarron Apartment Complex – see listing for Cimarron on our current listings.  Asking $2,700,000 for both properties.

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Property Details:
Square Footage: 20,988 County: St. Louis City Units: 1-4 Condition: Turn Key Occupancy: Fully Occupied Parking: On Street Parking Heating: Gas Heat Cooling: Central Electric Construction: Brick, Wood Basement: Other
Home Amenities:
  • Microwaves
  • Fridge
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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