Multifamily Investment Opportunity
Price
$570,000
10 Units
NOI: $43,400.99
CAP RATE: 7.6%
Great opportunity to own a value add investment property in the city of St. Louis, MO. Each unit is 2 bedroom / 1 bathroom. This building is attractive because it has mostly elderly tenants, the rents are under market and it's functioning now but on the turn you can raise the rent. It's a mid century modern building. Yearly rental income is $70,702 and the property currently being professionally managed. Additional information is available upon request. Please submit all offers directly to sarter@promiselandrealtyllc.com.
Property Photos:
Property Map
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*
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