1131-1145 Bellevue Ave - Apartments FOR SALE


Richmond Heights, MO 63117
$1,800,000 USD
314-662-6578
1131-1145 Bellevue Ave, Richmond Heights, MO for Sale
$1,800,000 USD
Apartments - FOR SALE
1/14
null | 5.95% Cap Rate

1131-1145 Bellevue Ave
Richmond Heights, MO 63117


HIGHLIGHTS

  • 4 year old roof
  • Multi year leases in place for commercial tenants
  • Excellent walkability to Demun, Forest Park, Clayton & Richmond Heights

OVERVIEW

eXp is pleased to present 1131-1145 Bellevue Avenue, a fully stabilized 9-unit mixed use investment opportunity in the steady Clayton-Richmond Heights submarket. Currently performing at a 5.95% cap rate with proforma cap rate at 8.65% through rental increases to market rates as current rates are significantly under market rate.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

9

PRICE/UNIT

$200,000

CAP RATE

5.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richmond Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,250 SF

ZONING

NB -

APN/PARCEL ID

20J-61-0684

ASK ABOUT THIS PROPERTY

Peter LueXp RealtyMore Info
314-662-6578

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Peter LueXp RealtyMore Info
314-662-6578

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