1115 Felix St - Apartments FOR SALE


Saint Joseph, MO 64501
$699,000 USD
816-518-5641
1115 Felix St, Saint Joseph, MO for Sale
$699,000 USD
Apartments - FOR SALE
1/43
null | 8% Cap Rate

1115 Felix St
Saint Joseph, MO 64501


HIGHLIGHTS

  • Fully Renovated in 2024-25
  • 6 units out of 8 are currently full lease up began 3 months ago

OVERVIEW

Turn Key Asset - Fully Renovated in 2024, and 2025 - Currently have 6 of the 8 units leased, and will be working to fill occupancy while property is listed. As you can see by the T12 this property just got done with the renovations in 2025 so the T12 only shows a few months of income, and the remainder of the T12 is projections not actuals. Based on the projections this is listed at a 8% cap rate. We do have a few months of actuals listed on the T 12 to show what the income and expense has been thus far. We would like to sell the property before the end of 2025 to reduce tax implications in 2026. This property was renovated from top to bottom - All new flooring, electrical, HVAC, WH, Roof, Windows as needed, flooring, kitchens, bathrooms. We added a on site laundry facility that was not previously in the building. This building has On Street Parking that has supported this building since its creation. Previous ownership had renovated the property prior to our purchase and the building was damaged in a storm prior to the storm damage this building was performing at full capacity. If you would like further details feel free to call me at your earliest convenience.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

8

PRICE/UNIT

$87,375

CAP RATE

8%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CITY

APN/PARCEL ID

06-3.0-08-004-001-083.000

ASK ABOUT THIS PROPERTY

Matt PopilekUnited Real EstateMore Info
816-518-5641

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Matt PopilekUnited Real EstateMore Info
816-518-5641

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.