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    OFF-MARKET
    Commercial real estate

    128 Park Ln, Saint Joseph, MO 64506

    Built 1920
    Property ID
    US48-2339445
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 32-unit apartment complex located at 128-148 Park Lane, St. Joseph, Missouri, 64506. The property, built in 1920, comprises six attractive buildings featuring classic red brick veneer, situated on a substantial 21,648 square foot lot. The complex consists of 16 studio and 16 one-bedroom apartments, spread across two stories. A significant renovation project has already been undertaken by the current owner, encompassing major upgrades to the plumbing and electrical systems in most units. All buildings boast new TPO roofing, and some units feature newly installed windows. Each unit benefits from its own electric meter, ensuring tenants are responsible for their electricity costs. Water is handled differently

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    UPID US48-2339445
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Parklane Apartments Apartment Building
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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