x
Address
1612 North 4th Street De Soto, MO
Price
$ 2,950,000
Property Attributes
  • MLS#19055495
  • TypeMulti-Family
  • CountyJEFFERSON
  • CityDe Soto
  • AreaDesoto
  • NeighborhoodWestbury
  • Zip63020
  • StyleApartment Complex
  • Price$ 2,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Farm & Home Realty, Inc.
Property Description

Listing includes 48 brick garden apartments and duplexes. There are (11) 1BDR units with attached carports; (29) 1BDR units with a den, each with a 1-car attached garage. Also (4) 2BDR duplexes, each with a full basement that includes an oversized two-car basement garage. There are a total of (6) buildings that are designed with 5 to 11 units each, plus the duplexes. The complex has been well maintained and has always enjoyed very high occupancy levels. Several tenants have occupied their unit for many years. As a result many of the apartments are rented below market. The 11 one-bedroom units and 8 of the 1BDR with den have a separate laundry room with coin-operated washers and dryers and an activity/community room. The other (21) 1BDR with den and the (4) duplexes have individual washer and dryer hookups. Rents have good upside potential and are currently $450/month for the (11) 1BDR units; $550/month for 29 1BDR with den and $600/month for each of the duplex units.

Price History
7/26/2019 Listed $2,950,000

General Features

Age 28
Area Desoto
Cumulative Days on Market 52
Ownership Private
School District Desoto 73
Status Active

Interior Features

Cooling Ceiling Fan, Central-Electric, Heat Pump
Heating Forced Air, Heat Pump

Exterior Features

Acres 0.0000
Water Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 63020

Price
AVG $670K
$2.95M
Visits
AVG 72
34
Year Built
AVG 1974
1991

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