8700 Crocus Ln, St. Louis, MO 63114
$2,800,000 (Listed Sold)

56 Unit Apartment Complex With An Annual Net Income Of $230,129 For Sale

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Invest in St. Louis

56 Unit apt complex located on 1.8 acres across the street from Home Heights Park and minutes from downtown Clayton and the airport. Comprised of 10 brick buildings with pitched roofs & plenty of parking for the tenants. 24 two-bed & 32 one-bed apts. From August 2018 to July 2019 the property generated $363,261 with a net income of $230,129. Current occupancy is at 98%. There have been updates to many of the units including updated kitchen cabinets, flooring, double pane windows, etc. Other recent capital improvements include emergency fire escapes, welding, and PVC plumbing stack replacement.

Paying buyers agents 2.00%

Supplemental Documents

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Property Details:
Square Footage: 39,600 County: St. Louis County Units: 40+ Condition: Turn Key Occupancy: Fully Occupied Parking: Off Street Parking, On Street Parking, Parking Lot Heating: Electric Heat, Gas Heat, Baseboard Heat Cooling: Central Air, Window Units, Central Electric Construction: Brick Basement: Other
Home Amenities:
  • Microwaves
  • Fridge
  • Stove
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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