Description
Calling all investors! Commercial 5 plex up north great investment in a great area. 2 studio apartments. 1 bath. 2, 1 bedroom. 1bath. 1, 2 bedroom. 2 bath. Close to shopping area, off-street concrete parking, some storage, separate electric meters and has a Huge Green Space. Offering a 6% cap rate. Great 1031 exchange property. Investors to make offers contingent upon inspections as to not to disturb tenants. Unit 1a. $679 (under rented) Unit 2b vacant 1/1 $799 have rental application for new tenant. Unit 3c 2-1 rented for $850 Unit 4d 2-1 rented $800 Unit 5b 2-2 $875 rented Total rent $4,003 a month $48,036 gross annual income x .70 for leaves 30% for expenses, net income 33625/ 5000 is a 6% cap. Seller is a licensed salesperson in Missouri.
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0BEDS
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0.88ACRES
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0BATHS
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01/2 BATHS
Description
Calling all investors! Commercial 5 plex up north great investment in a great area. 2 studio apartments. 1 bath. 2, 1 bedroom. 1bath. 1, 2 bedroom. 2 bath. Close to shopping area, off-street concrete parking, some storage, separate electric meters and has a Huge Green Space. Offering a 6% cap rate. Great 1031 exchange property. Investors to make offers contingent upon inspections as to not to disturb tenants. Unit 1a. $679 (under rented) Unit 2b vacant 1/1 $799 have rental application for new tenant. Unit 3c 2-1 rented for $850 Unit 4d 2-1 rented $800 Unit 5b 2-2 $875 rented Total rent $4,003 a month $48,036 gross annual income x .70 for leaves 30% for expenses, net income 33625/ 5000 is a 6% cap. Seller is a licensed salesperson in Missouri.
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