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  • Price$2,950,000
  • Built1991

1612--1620 North 4th St, De Soto

Listing includes 48 brick garden apartments and duplexes. There are (11) 1BDR units with attached carports; (29) 1BDR units with a den, each with a 1-car attached garage. Also (4) 2BDR duplexes, each with a full basement that includes an oversized two-car basement garage. There are a total of (6) buildings that are designed with 5 to 11 units each, plus the duplexes. The complex has been well maintained and has always enjoyed very high occupancy levels. Several tenants have occupied their unit for many years. As a result many of the apartments are rented below market. The 11 one-bedroom units and 8 of the 1BDR with den have a separate laundry room with coin-operated washers and dryers and an activity/community room. The other (21) 1BDR with den and the (4) duplexes have individual washer and dryer hookups. Rents have good upside potential and are currently $450/month for the (11) 1BDR units; $550/month for 29 1BDR with den and $600/month for each of the duplex units.

Essential Information

  • MLS® #19055495
  • Price$2,950,000
  • Acres0.00
  • Year Built1991
  • TypeMulti-Family 5+
  • Sub-TypeApartment Complex
  • StatusActive

Amenities

  • Parking1 Space/Unit, 2+ Space/Unit

Exterior

  • Lot Description0x0

Additional Information

  • Date ListedJuly 26th, 2019
  • Days on Market21

Community Information

  • Address1612--1620 North 4th St
  • AreaDesoto
  • SubdivisionWestbury
  • CityDe Soto
  • CountyJefferson
  • StateMO
  • Zip Code63020

Interior

  • Interior FeaturesCommunity/Rec Room
  • HeatingForced Air, Heat Pump
  • CoolingCentral-Electric, Ceiling Fan, Heat Pump

School Information

  • DistrictDesoto 73
  • ElementaryVineland Elem.
  • MiddleDesoto Jr. High
  • HighDesoto Sr. High

Listing Details

  • Listing OfficeFarm & Home Realty, Inc.
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