711 Decatur St - Apartments FOR SALE


Saint Charles, MO 63301
$420,000 USD
314-255-5117
711 Decatur St, Saint Charles, MO for Sale
$420,000 USD
Apartments - FOR SALE
1/10
null | 6.43% Cap Rate

711 Decatur St
Saint Charles, MO 63301


OVERVIEW

Rare opportunity to acquire an updated 7-family property with a 2-car garage in St. Charles. The main building includes five units, while two additional units are located in a separate building at the rear of the property. Tenants enjoy access to a fenced backyard and a covered front porch. The main building offers approximately 2,415 sq ft of living space, with an estimated 1,100 sq ft in the rear building, totaling roughly 3,515 sq ft. Currently, six units are occupied. Once fully leased—including the seventh unit and the second garage space (which rents for $50/month)—the property is projected to generate $4,335 per month in gross rental income. There is solid potential for rent increases. The average rent for studio apartments within a 10-mile radius over the past year is $1,207, while one-bedroom units within a 3-mile radius averaged $1,309. Over the past 12 months, the property generated $47,531 in income, with operating expenses totaling $20,540.

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

7

PRICE/UNIT

$60,000

CAP RATE

6.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,279 SF

ZONING

-

APN/PARCEL ID

6-009A-B218-00-0002.0000000

ASK ABOUT THIS PROPERTY

Jordan SchoenInvest Saint LouisMore Info
314-255-5117

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Jordan SchoenInvest Saint LouisMore Info
314-255-5117

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