25 Nordell Court

Description

12 unit apartment complex located in a quiet residential neighborhood in the Hazelwood School District with mostly single family homes. Built in 1960 with 12 Ranch style units with the ability to build out a 13th unit which is currently a shell. There are currently 11 one bedrooms and 1 efficiency. Sale includes two lots, 25 Nordell Ct, the main lot with the apartment complex which is .97 acres and there is also 20 Nordell Ct, a .47 acre buildable residential lot totalling almost 1.5 acres. Complex features laundry facility with coin operated laundry and storage units for tenants. 1 Bedroom rents for as much as $700 which provides an opportunity to raise rents. If fully rented with rents of $700 for the 1 beds, $600 for the efficiency and the potential future unit rented for $700 the building would generate $9,000 a month. Low maintenance building with a number of long term tenants. Easy to rent and has been at 97% occupancy. Plenty of off street parking.