Sold
2201 Woodson Road
Overland MO, 63114
Price upon request
Sold
Commercial
Built in 1959
The Woodson Apartments offer a tremendous, near turn key opportunity with a proven renovation plan. 20 of the 24 units have already been updated and are experiencing incredible demand from the rental market. Potential to push rents higher than the in-place rents. Newly updated ranchette style units are leasing for $825 and townhouse style units are leasing for $1,050. All townhouse units have private basements as well - a huge value for tenants. Renovation costs have averaged $6,000 per unit for ranchette units and $7,000 per unit for townhouse units. Renovations include paint, new cabinets, new or re-finished floors, baseboards, updated bathrooms, new doors, new lighting and fans. A large amount of common area capital expenditures have also been completed by ownership. This list includes new roofs/gutters/gutter guards in 2021, 8 of 12 waste stacks replaced on townhouse side, newly sealed/paved/stripped parking lot, tree trimming, drainage system, new concrete walkways and steps.
23004238
MLSⓇ ID
March 21, 2024
Updated
Map
2201 Woodson Road
Overland MO, 63114
Interior Features
Laundry Description
Prvt Laund some unit
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s), Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
Ritenour
High School
Ritenour Sr. High
Elementary School
Iveland Elem.
Other Property Details
Area Name
North
Taxes
$19,351
Tax Frequency
Annually
Days on Market
11
Garage
No
Parking
Space/Unit - 1
View
No
County
St Louis
Water Source
Public
Pool
No
Buyer Agency Compensation
1.5%
Courtesy of Salient Realty Group, LLC, Timothy McCarthy
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