Fantastic Apartment Opportunity ONLY $7,644 per unit

Multi-Family | For Sale | $795,000 | 67,200 sqft

Parkside Apartments is gated apartment community situated on 5.47 acres and is adjacent to NorthPark Development. Located across the street from this property is a large municipal park. The property has easy access to Interstate I-70 & I-170. The property consists of 104 units; including 8 1-bedroom approximately 650 SF, 48 2-bedroom approximately 790 SF and 48 3-bedroom approximately 850 SF. This property is currently boarded up waiting for rehab with approximately 56 units needing little to no renovations. The property was built in 1969 and is consider a C Class property by Marshall Valuation Service Cost Manual. There is an on site laundry facility in the “main” building. All units have individual thermostatically controlled furnace and wall mounted air units. These are all electric individually metered units with the property owner responsible for the natural gas. Property is sold AS-IS with no warranties express or implied.Property is located in a HUD Qualified Census Tract. Parkside Apartments is located in the highly acclaim Ferguson-Florissant School District.

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