2 Teson Garden Apartments Hazelwood all brick 64-unit apartment com- plex consisting 9 buildings, 40 one-bedroom one-bath units and 24 two-bedroom one and half bath units. All units have individual gas forced air and central A/C units, washer/ dryer hookups and private storage in base- ment. Grounds include in-ground swimming pool and ample resident parking. Offered for $2,595,000 A MULTI -F AMILY O FFERING F ROM D AVID VO GES D AVID V OGES : 314-973-0719 P RUDENTIAL A DVANTAGE MIKEVOGES @AOL . COM
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3 BdrmsBldgParking: Parking Lot/Off Strt, Not Assigned LS:+/- 505X299
Dir: NORTH OF 270 ON MC DONNELL BLVD WHICH BECOMES HOWDERSHELL ROAD, LEFT ON TESON TO COMPLEX.
Rem: NEW PRICE!!! BACK ON THE MARKET... Best Buy in North County!! This Hazelwood apartment complex consists of 9 buildings, 40 1-bedroom, 1-bath units and 24 2-bedroom, 1-bath units. Tons of green space, fenced in-ground pool and tons of parking. Second floor units have beautiful vaulted ceilings. All new roofs in 2001. Newer appliances, a/c units and water heaters. Individual private storage and washer/dryer hookups in basement. Rents are below market, which are $500 for 1-bedroom units, and $600 for 2-bedroom units.
Agt Rem: PLEASE DO NOT DISTURB TENANTS - CALL DAVID VOGES FOR ADDITIONAL INFORMATION AND APPOINTMENTS TO VIEW PROPERTY 973-0719.
Room Dimensions & Additional Information
Unit#1: Liv Rm: Great Rm: DinRm: Kitch: Break: Fam Rm: 1st Br: 2ndBr: 3rdBr: 4thBr: Lnd: Unit#2: Liv Rm: Great Rm: DinRm: Kitch: Break: Fam Rm: 1st Br: 2ndBr: 3rdBr: 4thBr: Lnd: Bldg Ext Amen: In Ground Pool Laundry: Prvt Laund some unitBldg Int Amen:Bldg Unit Info: Smoke/Alarm DetectorTenancy: Tenancy Pays: Electric, GasSale Includes: Building & LandBldg Fin Info: Insurance, Maintenance/RepairsDiscl: Code Compliance Reqd Cond: Unknown
Utilities
Cooling: Central-Electric Sewer: PublicHeating: Forced Air Water: PublicSource: Gas Cable Avl: Yes Wtr Heater: Gas
Financial Information
1st Assumable: No Assumption Bal: Payment: Payment Inc:
Years Remain: Assump Int Rate: Assump Fee: 2nd Morgage:Equity: 0 Gross Oper Inc: $347,386 Expenses: $151,783 Net Income: $195,199Existing Loan: Orig List
Price:3,200,000
Selling Terms: Cash, Conventional Entry Date: 10/29/07Office information
Debt Service $152,982 $152,982$2,076,000 (80% 25 Year Loan @ 5.5%)
Cash Flow $43,482 $94,029
Cash on cash 8.38% 18.12%$519,000
* New insurance bid from Columbia Insurance for 9-01-08 is $14,900** New tax assessment @ $2,595,000 sale price vs. current assessed value of $3,029,500