6267 N Hanley Rd, Berkeley, MO 63134
- $3,995,000
- List Price
- $3,995,000
- Days on Market
- 1
- MLS#
- 26062626
- Status
- ACTIVE
- Lot Size
- 121,532
- Acres
- 2.79
- Year Built
- 1964
- Subdivision
- Jo Court
- Municipality
- Berkeley
- County
- St. Louis
- Listing Type
- Commercial
Property Description
A rare chance to acquire an entire 16-building duplex community on Jo Court in Berkeley. The 32 two bedroom, one bath homes pair the familiar feel of individual residences with the scale of a multifamily investment. All 16 buildings underwent documented roof restoration in 2024, including new decking, architectural shingles and weather protection. The supplied rent schedule shows all 32 homes leased, with residents paying electric, gas, water and sewer. At the $3,995,000 offering price, the owner's stated $317,266 net operating income implies an approximately 7.94% cap rate, subject to a buyer's review of leases and expenses.
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Additional Information
- Parking Description
- Driveway
- Appliances
- Dishwasher, Disposal, Electric Range, Refrigerator, Washer/Dryer, Water Heater
- Cooling
- Ceiling Fan(s), Central Air, Electric
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, FHA, VA Loan
Mortgage Calculator
Listing courtesy of The Hermann London Group LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
