206 VALLEY PLACE, DESOTO MO - SOLD

Location

Property Details

Acreage:

0.43

Price:

$400,000.00

Address:

206 Valley Place
De Soto, MO  63020

County:

Jefferson

Coordinates:

38.148949 / -90.552856

Property Type:

Home Listings

Sean Dawson: Broker Associate - Licensed in MO

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This is a great investment property that has extensive rehab with all new roof, gutter, luxury vinyl plank flooring throughout entire building, paint, updated fixtures, shower surrounds and more in all 7 units in 2020! 3 - 2 bedroom, 4- 1 bedroom apartments. Solid all brick building with very little maintenance.

All units rented with background and credit checked tenants, 5 have great long term track records, 2 new ones just moved in. This is in the flood plain, but was last flooded in 2001 by a freak plug of a pool in a giant culvert pipe. It has not flooded since, even with all the rain and massive floods we have had in recent years.

Gross monthly income of $3630. This is priced at a conservative 7.5% cap rate. We ask that you be flexible on closing date as owner is doing a 1031 exchange. Please do not contact tenants, units will only be shown upon an approved contract.

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