24 Unit "Class C" Apartment Building - 1031 Investment Property
Posted by Andy Gustafson on Sat, Sep 04, 2010 @ 11:14 AM
Broadway Bluffs is a 24 unit 1031 investment apartment building built in 1926 that offers 21 one bedroom, one bath apartments and 3 two bedroom, one bathroom units. Some have been updated with new kitchen cabinets and bathroom vanities. All units have newer, separate forced heat/hot air. The property has a detached, 16 unit garage which has potential to generate additional income. There is also a parking lot with enough space for 15 cars. The property was moderately renovated within the past two years. The updates included new electric service, plumbing, thermal replacement windows, updated kitchens and baths in 10 units. Estimated cost for the renovation was $300,000.
The property address is 5705-5715 S. Broadway #24, St. Louis, Missouri 63111-2238.
Selling Price is $699,500. Contact Terry Yuede at Coldwell Banker Gundaker at 314-952-3971.