$325,000
$330,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
206 Valley Place De Soto, MO 63020
0.43 Acres Lot
Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Lansdowne Add
MLS Listing ID 21049565
Sold Date 11/17/21
Construction Status 51
Year Built 1970
Building Age 51
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 75x185
Property Description
BACK ON MARKET NO FAULT OF SELLERS. This is a great investment property that has extensive rehab with all new roof, gutter, luxury vinyl plank
flooring throughout entire building, paint, updated fixtures, shower surrounds and more in all 7 units in
2020! 3 - 2 bedroom, 4- 1 bedroom apartments. Solid all brick building with very little maintenance. All
units rented with background and credit checked tenants, 5 have great long term track records, 2 new
ones just moved in. Based off the monthly income of $3735 and a conservative cap rate of 7.5% the income based value of the property is at $418,320.00 . We ask that you be flexible on closing date as owner is doing a 1031 exchange. Please do not contact tenants, units will only be shown upon an approved contract.
Location
State MO
County Jefferson
Area Desoto
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace N
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 51
Schools
Elementary Schools Vineland Elem.
Middle Schools Desoto Jr. High
High Schools Desoto Sr. High
School District Desoto 73
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition Rehabbed, None
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Bought with Chelsey Lee