Boteler Flats, 12unit Value-Add Apartment, St. Joe MO
Multifamily | 12 Units | $31,583/unit
Marketing description
12unit Value-Add Apartment - Historic Boteler Flats, on Museum Hill in St. Joe MO
Rehab started, majors completed - ready for Buyers finishing touch!
Investment highlights
INVESTORS! 12-unit, Value-add, Small apartment on historic Museum Hill in St. Joseph MO! W/ recent PRICE IMPROVEMENT!
Gorgeous, brick 4-story multifamily property, known as Boteler Flats, featuring 10 one-bedroom units and 2 studios, & 2 car detached garage w. private drive on large corner lot (space for additional parking to be added in future if needed).
Major systems have already been completed - roof, plumbing, electrical, heating and A/C, new 14 gang meter can installed and approved w/ city & major iron work fire escapes completed by local artist to negate need for fire suppression system.
Partial interior rehab completed! Floors 1–3 are framed and ready for drywall completion. 4th floor has been framed and drywalled. Buyer to complete interiors: kitchens, baths, flooring, and remaining drywall on floors 1–3. Some minor exterior work still needed as well.
Strong upside potential for investors looking to finish out and stabilize a 12-unit asset.
Selling As-is. Seller’s disclosure available. Seller willing to have trash removed from site prior to closing.
Buyer to verify all information and perform due diligence. Seller will review all offers with proof of funds. Seller has multiple other properties for sale as well, willing to 1031 and consider ALL offers!
Showings by appointment only w/ an Agent on site.
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