Gomberg Report >
Missouri

Updated 7/25/2012
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Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Excelsior Springs
40 unit
1.875M
85%
Financing Available
NOI=160K
46,875

Four low maintenance brick buildings. 20 1BR/1BA units and 20 2BR/1.5BA units. Covered and non-covered parking, minimal hallway for less noise and more security. Master key system for all units. New roofs in 2008 and many kitchen and baths remodeled. Located close to CVS, Walmart, grocery stores and restaurants.

Charles Small 816-407-5224
Grandview
126 units
3.8M
85%
Financing Available
NOI=332K
30,158

126-unit, garden-style apartment and townhome community with 93% occupancy. The property's 18 buidings feature a variety of floor plans ranging from one to four bedrooms in flat and townhome configurations. With an average unit size of 933 square feet, Recent capital upgrades include new exterior painting, landscaping and HVAC upgrades.

Donald Gessen 816-932-5574
Springfield
96 units
5.397M
85%
Financing Available
56,218
Highland Park Apartments are comprised of garden-style units contained within 3 three-story residential buildings situated on ± 2.82 acres. There is also a one-bedroom (± 800 SF) manager's unit. There are 78 1BR and 18 2BR units, ranging in size from 800 to 1,000 square feet. 
Ken Schwab
St. Louis
104 units
4.5M
85% Financing Available
573,324
7.84
43,269
104 all electric units with private entrances. One and two bedrooms - all with one bath. Some kitchens and some baths remodeled. Kitchens have dishwashers & disposals. Units feature ceiling fans and large walk-in closets. Complex offers off-street parking, an on-site laundry and a swimming pool.
Diane Scott 314-324-7555
St. Robert
152 units
9.375M
85% Financing Available
NOI=696K
61,677
Each unit is a spacious town home with either 2 bedroom/1.5 bath or 1/bedroom/1bath. Units have 1,080 to 1,260 square feet and provide a quiet, private living space with no neighbors above or below. Units are furnished with range, refrigerator, garbage disposal, washer/dryer, window treatments, and they have central heat and air.
There are 38 buildings with 4 units in each building. 19 of the buildings were built within the last 10 years, and the remaining 19 buildings are less than 20 years old. Properties are clean and very well maintained. There is plenty of room on the property to add more units. 142 units are 2 bedroom/1.5 bath, and 10 units are 1/bedroom/1bath. The current manager has been overseeing the property for many years.
Julie Wilson 573-873-3352