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Bommarito Realty Group LLC
6267 N Hanley Rd, Berkeley, MO 63134
- $3,995,000
- List Price
- $3,995,000
- Days on Market
- 27
- MLS#
- 26062626
- Status
- ACTIVE
- Lot Size
- 121,532
- Acres
- 2.79
- Year Built
- 1964
- Subdivision
- Jo Court
- Municipality
- Berkeley
- County
- St. Louis
- Listing Type
- Commercial
Property Description
A rare chance to acquire an entire 16-building duplex community on Jo Court in Berkeley. The 32 two bedroom, one bath homes pair the familiar feel of individual residences with the scale of a multifamily investment. All 16 buildings underwent documented roof restoration in 2024, including new decking, architectural shingles and weather protection. The supplied rent schedule shows all 32 homes leased, with residents paying electric, gas, water and sewer. At the $3,995,000 offering price, the owner's stated $317,266 net operating income implies an approximately 7.94% cap rate, subject to a buyer's review of leases and expenses.
Additional Information
- Parking Description
- Driveway
- Appliances
- Dishwasher, Disposal, Electric Range, Refrigerator, Washer/Dryer, Water Heater
- Cooling
- Ceiling Fan(s), Central Air, Electric
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing courtesy of Nidhi Soni. The Hermann London Group LLC
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Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.