22 Tesson Hills, Arnold, MO 63010 listing details

Good price on this 20 unit apartment complex with 22 unit storage building! Apartments are all brick exteriors with 10 year old roofs. Storage building is a 90 x 30 Trachte galvanized 13 year old structure with some adjustable walls and room to add another building. Apartments are 100% leased (10-3-13), many long term tenants. 14 are 2BR, 6 are 1BR. Storage units are various sizes and provide nice additional income plus laundry and soda sales. Priced attractively at 10.4% cap rate using actual 2012 figures, and 15.7% ROR. Unassigned parking with 2+ spaces for each unit. Onsite office building and common laundry. All electric appliances and#x2013; no gas. Tenant pays their elec, water, cable; owner pays trash, common elec and water and#x2013; see separate I/E statement. Located on corner of Old Hwy 21 and Konert/Lonedell, just 1 mile from Hwy 141. Location provides quick access to South County, Arnold, and Gravois Bluffs.