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Richmond Building 1131-1145 Bellevue Ave 9 Unit Apartment Building $1,700,000 ($188,889/Unit) 6.30% Cap Rate Richmond Heights, MO 63117
Investment Highlights
- 4 year old roof
- Excellent walkability to Demun, Forest Park, Clayton & Richmond Heights
- Multi year leases in place for commercial tenants
Executive Summary
eXp is pleased to present 1131-1145 Bellevue Avenue, a fully stabilized 9-unit mixed use investment opportunity in the steady Clayton-Richmond Heights submarket. Currently performing at a 6.01% cap rate with proforma cap rate at 8.65% through rental increases to market rates as current rates are significantly under market rate.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $835.00 | 720 - 780 |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20J-61-0684 | Total Assessment | $204,270 |
| Land Assessment | $10,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $193,770 | Tax Year | 2025 |
Property Taxes
Parcel Number
20J-61-0684
Land Assessment
$10,500
Improvements Assessment
$193,770
Total Assessment
$204,270
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
Richmond Building | 1131-1145 Bellevue Ave