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12030 Manchester Road

St Louis, MO 63131
2,250 sqft
$1,500,000
Photo of 12030 Manchester Road St Louis MO 63131

Details

Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the commercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000.

Specs

Type Commercial
Square Footage 2,250 sqft
Lot Size 0.30 acres
Year Built 1956
Taxes Paid $10,384

Lots & Building Features

Construction Conventional
Cooling Electric
Heating Forced Air, Individual Unit
Parking Description Asphalt
Sewer Public Sewer
Tax Year 2023
Water Public

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Financing

$
20%
0.7%
6.75%
$
$
$
$9,173.50
per month
Principal & Interest
$7,783.17
Monthly Taxes
$865.33
Monthly HOA
$0
Monthly Home Ins.
$525.00
Monthly PMI
$0.00

Area

City St Louis
County St Louis
Subdivision Manhattan Heights Add
Robert Hudspeth, Select Group Realty