This fully occupied 4 family is walking distance to Herman Park, and the Delmar Loop, not to mention being roughly 1.5 miles from Washington University! That's about a 30 minute walk, 15 minutes by bike, or 6 minutes in car! Renting these 2 bedroom 1 bath recently updated units is a breeze at around $700-$725 per month. Current monthly income on the fully occupied building is $2800, that's 33600 Gross Annual Income. Current Owner has $8400 Annual Operating expenses, producing a $24890 Net Income, roughly a 11.06% Cap Rate. Rents could potentially be raised a bit to create more income. Seller prefers an as-is sale! One unit currently open for showings, others can be viewed under contract but are reasonably similar.
Listing courtesy of EXP Realty, LLC