3666 Illinois Avenue

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3666 Illinois Avenue, St Louis, MO, 63118 | For Sale

Listing Price:   $1,325,000
Type:   Multi-Family 5+
MLS#:   19026559
Taxes Paid:   $3,170
Tax Year:   2018
Square Footage:   20900
Age:   59
Gross Income:   $202,772
Total Expenses:   $90,851
Net Income:   $111,921
Acres:   0.174
Subdv/Cmplx:   Odonnell Estate Add
Building Style:   Low/1-2
Remarks: Harmony West Apartments is a 38 unit apartment community located in South St. Louis City. The Property consist of 38 one bedroom, one bathroom units with an average rent of $469 and the ability to be higher based on similar rent comparable. Harmony West Apartments includes new windows, pitched roofs, off street parking, forced heat, central air and hardwood floors. The Property is being offered at $1,325,000 which generates an 8.50 percent capitalization rate and 13% cash on cash return. Harmony West Apartments is located in an area designated "opportunity zone" providing tax benefits for the new Buyer (see next page for more information).

Directions: From the CBD, South Broadway, East Illinois. See MAP

Parking Desc: On Street Parking,Parking Lot

Lot Dimensions: 0x0

Subdv/Cmplx: Odonnell Estate Add

Education: St. Louis City School District | Beaumont Cte High School High School | Blewett Middle Middle School | Columbia Elem. Comm. Ed. Center Elementary |

For More Informaton:

John Williams | MORE, REALTORS
314-414-6000

This listing courtesy of Apartment Advisors of America LLC. Listings displaying the MARIS logo are coutesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
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