Harmony Terrace Apartments

$1,675,000
Featured Listing

3067

Property ID

Description

Harmony Terrace Apartments is a 48 units apartment community located in South St. Louis City Missouri. The Property consist of 48 one bedroom, one bathroom units with an average rent of $471 and the ability to be higher based on similar rental comparables. Harmony Terrace offers forced heat with sleeve units for air conditioning so it’s very efficient in terms of maintenance and low costs. The Property has pitched roofs, off-street parking as well. The Property is being offered at $1,675,000 which generates an 8.86 percent capitalization rate and 15% cash on cash return. Harmony Terrace is located in an area designated “opportunity zone” which provide tax benefits for the new Buyer.

Address

Address: 3600 Salena Street St. Louis, Missouri
  • Country: United States
  • Postal code / ZIP: 63118
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  • Property ID 3067
  • Price $1,675,000
  • Property Type Multi-Family
  • Property status Featured Listing
  • Year Built 1963
  • Units 48

File Attachments

Harmony-Terrace_OM.pdf Download

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Contact

Mike Zangara

Property Agent
1750 S. Brentwood Blvd Suite 600 St. Louis MO 63144
mzangara@mo-apartmentadvisors.com
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