A great 12 unit cash cow in Pevely. Seller has been selling off their multifamily(over 100 units) and this is their last building. Sellers have been focused on their other businesses for the past year. With that in mind, I have used the financials for 2016, which are a more accurate reflection of what the building normally nets. I I have also included a proforma for market rents, while using current expenses. Proforma only increases rent by $25, but makes a huge difference with an acceptable vacancy rate. 2016 Financials include an actual vacancy rate of 6.3%, which still leaves a lot of room for improvement. Please do NOT approach or contact tenants. Listing Agent Accompany. Minimal effort to get a great return on this investment.
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