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181 Northport Hills Drive, Florissant, MO 63033
$1,995,000
181 Northport Hills Drive, Florissant, MO 63033View this property at 181 Northport Hills Drive, Florissant, MO 63033
181 Northport Hills DriveFlorissantMO63033
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Property Description
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.
Full Property Details
Full Property Details for 181 Northport Hills Dr
General
- Price: $1,995,000
- Taxes: $12,600 (2022)
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: 24021523
- Updated: 4/10/2024
- Added to Site: 19 day(s) ago
Rental Information
- Lease/Rent Term: Leases, Month To Month
Parking
- Parking Features: Space/Unit - 1, Guest Parking
Location
- Area: McCluer North
- County: St Louis
- Township: Florissant
- Subdivision: Afshari Estates
- Driving Directions: GPS
School Information
- School District: Ferguson-Florissant R-II
- High School District: Ferguson-Florissant R-II
- Elementary School: Commons Lane Elem.
- Middle School: Cross Keys Middle
- High School: Mccluer North High
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Forced Air
- Heating Fuel: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Year Built: 1984
Lot Features
- Lot Dimensions: 351 x 378
Financial Considerations
- Tax Amount: $12,600
- Tax Year: 2022
- Terms: Cash Only, Conventional
- Tenant Pays: Cable TV, Electricity, Gas
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: None
- Inclusions: Building & Land
- Disclosures/Reports: Unknown, No Other Known Restr
- Property ID: 09H-34-0642
Listed by Salient Realty Group, LLC
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Schools
Schools serving 181 Northport Hills Dr
School District:Ferguson-Florissant R-Ii School District
Rating | Name | Grades | Distance |
---|---|---|---|
Commons Lane Elementary School
2700 Derhake Rd, Florissant, MO 63033 | K-6 | 0.8 mi | |
14205 Cougar Dr, Florissant, MO 63033 | 7-8 | 2.5 mi | |
705 Waterford Dr, Florissant, MO 63033 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 181 Northport Hills Dr
Date
Details
Price
Change
Source
4/10/2024
Listed
$1,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 181 Northport Hills Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$663
1%
$8,550
10%
2022
$656
-4%
$7,760
—
2021
$682
—
$7,760
5%
2021
$682
-1%
$7,410
-8%
2019
$686
-1%
$8,020
19%
2018
$696
—
$6,730
—
2017
$693
-2%
$6,730
—
2016
$709
-1%
$6,720
-12%
2015
$713
3%
$7,650
14%
2014
$691
10%
$6,710
—
2013
$627
—
$6,710
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 181 Northport Hills Dr
181 Northport Hills Drive, Florissant, MO 63033 (MLS# 24021523) is a Commercial Multi-Family property. 181 Northport Hills Drive is currently listed for $1,995,000 and was received on April 10, 2024. Want to learn more about 181 Northport Hills Drive? Do you have questions about finding other Commercial Multi-Family real estate for sale in Florissant? You can browse all Florissant real estate or contact a Coldwell Banker agent to request more information.