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About the Listing NTGL01 - JESDURAN
Welcome to Chevelle Apartments! Exceptional opportunity to acquire a well-maintained 32-unit apartment community comprised of eight (8) four-family brick buildings on approximately 1.07 acres. The property is currently 28 of 32 units occupied, with ownership actively leasing the remaining vacancies. Based on the current asking price and the reported 2025 Net Operating Income of $165,953, the property offers an approximate 8.3% CAP rate. Units rent for $850/month. The complex consists of spacious 2-bedroom, 1-bath units, with the majority featuring beautiful hardwood floors or luxury vinyl plank flooring. Plumbing has been updated, and the owner has continually invested in the property's mechanical systems over the years, resulting in a well-maintained asset with strong long-term ownership. Residents enjoy coin-operated laundry facilities conveniently located on-site, as well as an on-site management office with a restroom located in the lower level of one of the buildings. The parking lot and retaining walls are in excellent condition, reflecting the pride of ownership throughout the property. The community maintains a no-pets policy, has predominantly non-smoking residents, and offers a clean, professionally managed environment. Units include ranges and refrigerators; dishwashers are not installed, helping minimize maintenance and replacement costs. **No owner financing available.** **Do not disturb tenants.** Showings are by appointment only with the listing agent after proof of funds or lender pre-approval.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Exhaust Fan, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater
- Air Cond: Central Air,Electric,Separate Meters
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Ceramic Tile,Hardwood,Laminate
- Above Ground Sq Ft: 23552
- Below Ground Sq Ft: 192
- Basement: Full,Interior Entry,Storage Space,Unfinished
- Other: Eat-in Kitchen,Kitchen/Dining Room Combo,Natural Woodwork,Pantry,Storage
- Water: Public
Exterior Details
- Lot Description: City Lot,Corner Lot,Few Trees,Level,Near Public Transit,Paved,Rectangular Lot
- Garage Capacity: N/A
- Parking Spaces: 40
- Roof: Shingle
- Others: Lighting,Updated/Remodeled
- Sewer:
- Parking Features: Asphalt,Common
Financial Details
- Tax Amount: $29,292
- Taxes w/Assessments: N/A
- Tax/Property ID: 11E-33-0061
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
245 Chambers Rd Riverview, MO 63137
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