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listing
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CommercialFor Sale
$1,850,000
181 Northport Hills Drive
Florissant, MO 63033
Courtesy of Salient Realty Group, LLC
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$9,649/mo

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.

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Information courtesy of Salient Realty Group, LLC is subject to verification and is not guaranteed.
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