229 Solon Dr - Apartments FOR SALE


Ballwin, MO 63021
$499,000 USD
314-238-8603
229 Solon Dr, Ballwin, MO for Sale
$499,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

229 Solon Dr
Ballwin, MO 63021


OVERVIEW

Welcome to 229 Solon Dr, a hard-to-find, income-producing fourplex in the heart of Ballwin, located in the award-winning Rockwood School District within the Marquette High School boundaries. Four spacious units each feature 2 bedrooms and 1 bathroom, making this an ideal investment for those seeking stable rental income in one of St. Louis County’s most desirable submarkets. The building has seen numerous updates, including kitchens and bathrooms, HVAC systems, plumbing, and electrical, while the roof is approximately 10 years old. Located between Ellisville and Manchester, with quick access to Highway 141 and Manchester Rd, this property offers unbeatable convenience for tenants commuting throughout the metro area. All tenants are currently long term and month-to-month, offering flexibility for investors looking to increase rents to market rate, and maintain a hands-off, low-vacancy asset. Three units are rented at $895, with one unit rented at $800. This property would also be ideal for owner occupancy. Properties like this are extremely scarce in West County. Don’t miss your chance to own a fully leased, consistently performing quadplex in a high-demand rental area. No showings without an accepted contract.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

4

PRICE/UNIT

$124,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

23S-61-0675

ASK ABOUT THIS PROPERTY

Jordan SchoenInvest Saint LouisMore Info
314-238-8603

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Jordan SchoenInvest Saint LouisMore Info
314-238-8603

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