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$1,879,000

Est. payment - /mo

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994 SqFt

New

1816 N Hanley RD Normandy, MO 63114

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Glenn Murphy Jr

gmj@murphyjrgroup.com +1(314) 974-2394

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 994 sqft

Price per Sqft $1,890

Subdivision Hanley Hills 3Rd Add

MLS Listing ID 26069496

Style Traditional

Year Built 1949

Annual Tax Amount $1,701

Lot Size 8,437 Sqft

Acres 0.1937

Property Sub-Type 5 Family or More

Property Description

This home is part of a package of 21 homes priced at a total of $1,879,000 with an estimated 10.45% cap rate. 20 out of the 21 homes are rented and there are 2 section 8 leases and 18 market-rate leases. Average rents are $1,305/month. Most rents are 66-89% of FMR so there is rental income upside. Tenants pay their own sewer bills. The package includes six 2-bedroom homes, thirteen 3-bedroom homes, and two 4-bedroom homes. This package is also available without the 8117 Bluemont property which would put the total price at $1,729,000 with a cap rate of 10.85%. Seller is not offering any seller financing. Please include the following in the special agreements section: "Properties are being sold as is with seller to do no inspections or repairs. Buyer will have one-time access to the properties. Access will be scheduled once earnest money is deposited. This contract may not be assigned." Please see the documents section for the marketing pdf with details on the other properties.

Location

State MO

County St. Louis

Area 106 - Normandy

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Parking Features true

Garage Spaces 1.0

Utilities Available Cable Available

View Y/N No

Private Pool false

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Washington Elem.

Middle Schools Washington Middle School

High Schools Normandy High

School District Normandy

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listing As Is

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Listed by Malinda Terreri • Terreri Team Realty LLC

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Glenn Murphy Jr

Agent License ID: 2018030691

+1(314) 974-2394