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2323 Woodson Overland, MO 63114
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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Subdivision Overland No 2
MLS Listing ID 23035819
Sold Date 02/02/24
Style Low/1-2
Year Built 1959
Annual Tax Amount $9,870
Lot Dimensions 100 x 192
Property Sub-Type 5 Family or More
Property Description
Great opportunity to acquire 2323 Woodson, a 12-unit apartment complex property located in the heart of Overland. The property is currently performing very strong with an in-place cap rate of 8.95%, but also has potential for even more upside through increasing rents to market rate and implementing utility charge backs - resulting in a 10.79% proforma cap rate. All units except for studios have laundry hook ups. Majority of the laundry machines are seller owned. All non studio units have central HVAC. Studios have window AC units and forced air heat. The property also has 13 parking spaces.
Location
State MO
County St. Louis
Area 91 - Ritenour
Interior
Heating Natural Gas, Forced Air
Cooling Central Air, Electric, Window Unit(s)
Fireplace N
Appliance Gas Water Heater
Laundry Washer Hookup, In Unit
Exterior
Parking Features false
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Iveland Elem.
Middle Schools Hoech Middle
High Schools Ritenour Sr. High
School District Ritenour
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with DavidNations
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