Harmony West Apartments
Description
Harmony West Apartments is a 38 unit apartment community located in South St. Louis Missouri. The Property consist of 38 one bedroom, one bathroom units with an average rent of $469 and the ability to be higher based on similar rental comparables. Harmony West Apartments includes new windows, pitched roofs, off street parking, forced heat, central air and hardwood floors. The Property is being offered at $1,300,000 which generates an 8.45 percent capitalization rate and 13% cash on cash return. Harmony West Apartments is located in an area designated “opportunity zone” providing tax benefits for the new Buyer.
Address
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Address 3666 Illinois Avenue St. Louis, Missouri
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Country United States
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Province/State Missouri
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Postal code/ZIP 63118
Overview
- Property ID 3182
- Price $1,300,000
- Property Type Multi-Family
- Property status Sold
- Units 38
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Contact
Mike Zangara
Property Agent
1750 S. Brentwood Blvd Suite 600 St. Louis MO 63144
mzangara@mo-apartmentadvisors.com