3666 Illinois Ave
St Louis, MO 63118

$1,400,000

Description

Harmony West Apartments is a 38 unit apartment community located in South St. Louis City. The Property consist of 38 one bedroom, one bathroom units with an average rent of $469 and the ability to be higher based on similar rent comparable. Harmony West Apartments includes new windows, pitched roofs, off street parking, forced heat, central air and hardwood floors. The Property is being offered at $1,400,000 which generates an 8.00 percent capitalization rate and 10% cash on cash return. Harmony West Apartments is located in an area designated "opportunity zone" providing tax benefits for the new Buyer (see next page for more information).

Details

MLS#19026559
Sub-TypeResale
StatusActive
Year1960
Days On Site5

Features

SQ Feet20,900
Building(s)1

Market Activity 63118

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63118
AreaSouth City
Listing VS Median (in 63118)
Price:
$1,400,000
low | high
Med:
$127,000
100% of Average
SqFt:
20,900
low | high
Med:
2,297
100% of Average
$ / SqFt:
$67
low | high
Med:
$56
66.351078167115% of Average
On Site:
5
low | high
Med:
16.5
30.30303030303% of Average
Listing Updated: 04/19/2019
MLS Number: 19026559
Listing Provided By:
Michael Zangara  of  Apartment Advisors of America