34
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$4,999,000
Est. payment /mo
1,040 SqFt
Active
11978 Del Reo CT Unincorporated, MO 63138
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Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 1,040 sqft
Price per Sqft $4,806
Subdivision Larimore Plaza 2
MLS Listing ID 26012060
Style Other
Year Built 1971
Annual Tax Amount $2,076
Lot Size 8,786 Sqft
Acres 0.2017
Property Sub-Type 5 Family or More
Property Description
A rare opportunity to acquire a diversified portfolio of 75 condominiums strategically located across North St. Louis County. This well-performing portfolio offers consistent cash flow, stable tenancy, and strong capitalization potential for multifamily investors. This Portfolio is composed of 75 condominiums/homes across five municipalities: Hazelwood, Florissant, Bridgeton, Ferguson, and Unincorporated St. Louis County. There are 31 Lease-to-Own units operated under a unique model where tenants gain partial LLC ownership, granting full condo ownership after 15 years of continuous payments. Tenants cover HOA fees and partial maintenance, minimizing owner obligations.
Location
State MO
County St. Louis
Area 46 - Hazelwood East
Interior
Cooling Other
Fireplace N
Exterior
View Y/N No
Building
Structure Type Other
Schools
Elementary Schools Larimore Elem.
Middle Schools East Middle
High Schools Hazelwood East High
School District Hazelwood
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Mike Shepherd • Invest St. Louis
NEARBY SCHOOL & BUSINESS
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