2323 Woodson Rd, Saint Louis, MO 63114

Great opportunity to acquire 2323 Woodson, a 12-unit apartment complex property located in the heart of Overland. The property is currently performing very strong with an in-place cap rate of 8.95%, but also has potential for even more upside through increasing rents to market rate and implementing utility charge backs - resulting in a 10.79% proforma cap rate. All units except for studios have laundry hook ups. Majority of the laundry machines are seller owned. All non studio units have central HVAC. Studios have window AC units and forced air heat. The property also has 13 parking spaces.