181 Northport Hills Drive

Florissant, MO 63033

$1,995,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible opportunity to purchase a package of 18, income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parking lot and new complete high efficiency HVAC systems installed in all units. The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.Incredible opportunity to purchase a package of 18, income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parking lot and new complete high efficiency HVAC systems installed in all units. The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.
  1. Listed by Timothy McCarthy • Salient Realty Group, LLC
  2. Listed by Garen Lafser • Salient Realty Group, LLC

Amenities

  • Air Conditioning
  • Forced Air
  • Parking Included
  • Parking Lot
  • Washer / Dryer Hookup

Location

Listing Courtesy of Salient Realty Group, LLC
Add your commute
LISTING UPDATED: 04/10/2024 04:20 PM

Property Details for 181 Northport Hills Drive

StatusActive
MLS #24021523
Days on Market21
Taxes$12,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1984
Lot Size-
CountySt. Louis County

Location

Listing Courtesy of Salient Realty Group, LLC
Add your commute

Building Information for 181 Northport Hills Drive

Stories-Residences18Year Built1984Building Size-Lot Size-

Payment Calculator

$11,938 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,050

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 181 Northport Hills Drive

Summary
Location and General Information
  • City: Florissant
  • County Or Parish: St Louis
  • Directions: GPS
  • Latitude: 38.778203
  • Longitude: -90.283072
  • Location: Suburban
  • Postal Code: 63033
  • State Or Province: MO
  • Sub division Name: Afshari Estates
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 09H-34-0642
  • Tax Annual Amount: $12,600.00
  • Tax Year: 2022
Owner
  • Township: Florissant
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Guest Parking
School Information
  • Elementary School: Commons Lane Elem.
  • High School: Mccluer North High
  • High School District: Ferguson-Florissant R-II
  • Middle Or Junior School: Cross Keys Middle
Property
Lot Information
  • Lot Size Dimensions: 351 x 378
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Documents Count: 3
  • Photos Count: 21
  • Videos Count: 0
  • Year Built: 1984
  • Disclosures: Unknown,No Other Known Restr
  • Age: 40
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Lndry Connect all Un
Multi Family
Multi-Family Information
  • Number Of Units Total: 18
  • TYPE: Other
  • Three Bed Unit Baths: 2 or More Per Unit
  • Three Bed Unit Includes: 7 Rooms,Fireplace,Refrigerator,Range/Oven
  • Three Bed Unit Rent: 1323
  • Three Bed Unit Units: 18
Income & Expenses
  • Net Operating Income: $168,206.00
  • Total Expenses: 107891.00
Rental
Rent Information
  • Lease Term: Leases, Month To Month
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 181 Northport Hills Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 181 Northport Hills Drive

Taxable ValueLand$760Additions$7,790Total$8,550
Tax Record2023$663 ($55 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtStories2Lot Size1,599 SqFtStyleCondominiumYear Built1984ZoningR6ACountyST. LOUISAPN09H-3-4-064-2Fireplace TypeHas Fireplace

Schools near 181 Northport Hills Drive

This home is within Ferguson-Florissant R-Ii School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 7 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Commons Lane Elementary School
PublicPK to 2

Cross Keys Middle School
Public7 to 8

Mccluer North High School
Public9 to 12

St Rose Philippine Duchesne School
PrivatePK 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

181 Northport Hills Drive is a multi-family home for sale in Florissant, MO 63033. This property was listed for sale on April 10, 2024 by Salient Realty Group, LLC, it's currently listed at $1,995,000. It has been on the market for a total of 21 days and was last sold on April 15, 2021. This listing's school district is Ferguson-Florissant R-Ii School District. Nearby schools include Commons Lane Elementary School, Cross Keys Middle School and Mccluer North High School. 181 Northport Hills Drive is a 0-bed, 0-bath, multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Salient Realty Group, LLC

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.