Multi-Family for Sale: 181 Northport Hills Drive, Florissant, MO 63033

$1,850,000
$1,850,000
181 Northport Hills Drive, Florissant, MO 63033
$1,850,000
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Price:
$1,850,000
$145,000 - 05/20/2024

Type Multi-Family
Year Built 1984
Taxes Paid $12,600

City Florissant
County St Louis
School District Ferguson-Florissant R-II
Subdivision Afshari Estates

MLS 24021523
Status Active
DOM 109 days
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 parking 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.

Lot & Building Features

Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description Guest Parking, Space/Unit - 1
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 351 x 378 ft

Community and Schools

Elementary School Commons Lane Elem.
Junior High School Cross Keys Middle
Senior High School Mccluer North High

Price History of 181 Northport Hills Drive, Florissant, MO

Date Name Price Difference
05/20/2024 Price Adjustment $1,850,000 7.27%
04/10/2024 Listing Price $1,995,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 181 Northport Hills Drive, Florissant, MO

Location Map Street View
Photo of Sam Trenhaile, MRP
Direct: 660-537-6197
Office
2 Melgrove Lane Suite 206
Hannibal, MO 63401
636-351-3553
Listed by Salient Realty Group, LLC, Timothy McCarthy & Garen Lafser
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0.68108108108108%
6.75%
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181 Northport Hills Drive (MLS #24021523) is a multi-family listing located in Florissant, MO. This property was listed on 04/10/2024 and has been priced for sale at $1,850,000.

Nearby zip codes are 63031, 63034, 63134, 63135 and 63136. This property neighbors other cities such as Black Jack, Calverton Park, Dellwood, Ferguson and St Louis.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Salient Realty Group, LLC

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