Home for Sale: 10075 Toelle Lane Riverview, MO 63137

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Price: $3,840,000
Est. payment:
Type: Multi-Family
Year Built: 1964
Taxes Paid: $70,917
Area: Riverview
County: St Louis
School District: Riverview Gardens
Sub Division: Coburg Lands
MLS: 17062286
Status: Active
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This offering is for 2 complexes offered as package sale. Riverview Park Place and Glasgow Gardens. 160 units combined, properties are within a mile of each other and can be managed easily together. These complexes have stable operating history and offer substantial value-add opportunity as rents are low for the market and can be significantly improved with some capital improvements and interior renovation. Priced to sell quickly to qualified investors at $24,000/unit. Properties operating at 8.5+% cap rate at list price, with significant upside potential. Riverview 10056-75 Toelle Lane (92 units, 80 1 bed, 12 2 bed), Glasgow Gardens 103 Shepley Drive in Glasgow Village (68 units, all 2 bed, 1 bath). Glasgow is currently run as a senior housing property, although there are no regulations requiring that it remain senior housing.

Lot & Building Features

Assoc Fee Type: None
Construction: Brick Veneer Predom
Cooling: Central-Electric
Heat Source: Gas
Heating: Forced Air, Individual Furnaces
Parking Description: 1 Space/Unit, Parking Lot
Sewer: Public
Tax ID: 11e-23-0666
Tax Year: 2016
Taxes Paid: $70,917
Water: Public
Water Heater: Gas

Price History

Date Name Price Difference
08/04/2017 Listing Price $3,840,000.00 N/A
*We provide this information for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Community and Schools

Elementary School: Glasgow Elem.
Junior High School: R. G. Central Middle
Senior High School: Riverview Gardens Sr. High

To Access this Property Directly

Map(s) 10075 Toelle Lane

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Direct: 314.843.6500
9147 Watson Rd
Saint Louis, MO 63126
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10075 Toelle Lane (MLS #17062286) is a multi-family listing located in Riverview, MO. This property was listed on 08/03/2017 and has been priced for sale at $3,840,000.

Nearby zip codes are 62040, 62060, 63106, 63107 and 63147. This property neighbors other cities such as Granite City, Madison and St Louis.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Paul Cunningham - RE/MAX Results

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