Sold
Last Sold Price
2201 Woodson Rd, Overland, MO 63114
Multi FamilyProperty Type
1959Year Built

Description

The Woodson Apartments offer a tremendous, near turn key opportunity with a proven renovation plan. 20 of the 24 units have already been updated and are experiencing incredible demand from the rental market. Potential to push rents higher than the in-place rents. Newly updated ranchette style units are leasing for $825 and townhouse style units are leasing for $1,050. All townhouse units have private basements as well - a huge value for tenants. Renovation costs have averaged $6,000 per unit for...The Woodson Apartments offer a tremendous, near turn key opportunity with a proven renovation plan. 20 of the 24 units have already been updated and are experiencing incredible demand from the rental market. Potential to push rents higher than the in-place rents. Newly updated ranchette style units are leasing for $825 and townhouse style units are leasing for $1,050. All townhouse units have private basements as well - a huge value for tenants. Renovation costs have averaged $6,000 per unit for ranchette units and $7,000 per unit for townhouse units. Renovations include paint, new cabinets, new or re-finished floors, baseboards, updated bathrooms, new doors, new lighting and fans. A large amount of common area capital expenditures have also been completed by ownership. This list includes new roofs/gutters/gutter guards in 2021, 8 of 12 waste stacks replaced on townhouse side, newly sealed/paved/stripped parking lot, tree trimming, drainage system, new concrete walkways and steps.
  • Listed by: Timothy McCarthy 636.699.5668 tmccarthy@salientrealtygroup.com • Salient Realty Group, LLC
  • Listed by: Garen Lafser 314.374.3687 glafser@salientrealtygroup.com • Salient Realty Group, LLC
Listing closed: 03/27/2023 12:00 AM • Source: MARIS, MLS#: 23004238

Recent comparable sales

Median sold price

$161,000

Avg days on market

30

Sale-to-list ratio

98.4%

Overland, MO

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$190,000 | 2221 Burns Avenue, Overland, MO 63114
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Square Feet
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Acres
$149,900 | 2223 Burns Avenue, Overland, MO 63114
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Amenities

  • Air Conditioning
  • Basement
  • Forced Air
  • Parking Included
  • Parking Lot
  • Wall Unit
  • Washer / Dryer in Unit

Location

Listing Courtesy of Salient Realty Group, LLC

Sold By Salient Realty Group, LLC

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$12,981 per month

30 year fixed, 6.71% Interest

Principal and Interest

$11,369

Property Taxes

$1,613

HOA Dues

$0

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Property Information for 2201 Woodson Road

Property Details
  • Taxes: $19,351 / year
  • MLS Type: Commercial Sale / Multi-Family 5+
Building Information
  • Residences: 24
  • Year Built: 1959
Summary
Location and General Information
  • City: Overland
  • County Or Parish: St Louis
  • Directions: GPS
  • Latitude: 38.69431
  • Longitude: -90.36351
  • Location: Corner Location
  • Postal Code: 63114
  • State Or Province: MO
  • Sub division Name: Overland
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 15L-34-1522
  • Tax Annual Amount: $19,351.00
  • Tax Year: 2022
Owner
  • Township: Overland
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1
School Information
  • Elementary School: Iveland Elem.
  • High School: Ritenour Sr. High
  • High School District: Ritenour
  • Middle Or Junior School: Hoech Middle
Property
Lot Information
  • Lot Size Dimensions: 214 x 192
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Documents Count: 1
  • Photos Count: 17
  • Videos Count: 0
  • Year Built: 1959
  • Disclosures: Unknown, Sellers Discl Not Av
  • Age: 64
  • Construction Materials: Brick
  • BuyerFinancing: Conventional
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cooling: Wall Unit(s), Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Prvt Laund some unit
Multi Family
Multi-Family Information
  • Number Of Units Total: 24
  • TYPE: Apartment Complex
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: Living/Great Room,Refrigerator,Range/Oven
  • Two Bed Unit Units: 24
Income & Expenses
  • Net Operating Income: $162,761.00
  • Total Expenses: 83029.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 2201 Woodson Road

DateEvent & SourcePriceAppreciation
Mar 27, 2023

Closed

MARIS #23004238

$2,200,000
Feb 3, 2023

Pending

MARIS #23004238

Jan 26, 2023

Listed (Active)

MARIS #23004238

$2,250,000
DateEvent & SourcePrice
03/27/2023

Closed

MARIS #23004238

$2,200,000
02/03/2023

Pending

MARIS #23004238

01/26/2023

Listed (Active)

MARIS #23004238

$2,250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2201 Woodson Road

Taxable ValueLand$15,200Additions$41,550Total$56,750
Tax Record2024$3,755 ($313 / month)
Home Facts
Baths1Total Finished SqFt3,380 SqFtAbove Grade Finished SqFt3,380 SqFtStories1Lot Size6,970 SqFtStyleMulti-Family Res (5+ Units)Year Built1959Year Renovated1959Zoning43PDRCountyST. LOUISAPN15L-34-1522

Schools near 2201 Woodson Road

This home is within Ritenour School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Iveland Elementary School
PublicK to 5

Hoech Middle School
Public6 to 8

Ritenour Sr. High School
Public9 to 12

Our Redeemer Lutheran School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2201 Woodson Road, Overland, MO 63114
$2,200,000
1
3,380
6,098
1
7,260
19,300
$890,000
1
2,945
9,148
2
1,472
6,499
$76,000
3
1,128
11,587

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Salient Realty Group, LLC

Based on information submitted to the MLS GRID as of 03/27/2023 02:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.