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

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Adam Briggs  shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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