Incredible investor opportunity to own three building portfolio of income-producing apartment buildings in St. Louis city. A total of 29 units, the buildings currently generate $12,606 per month, $151,260 gross receipts annually, and net annual income of $111,148. The portfolio is priced at an amazing 17.4 cap. Do not miss this opportunity! The other two buildings in this portfolio are 5780 W. Florissant (MLS#18015504, 10 units) and 5772 W. FLorissant (MLS#18015535, 11 units).
This particular building has 8 1br renting from $425 to $460 per month. A mix of leases and month to month, with one vacant unit. Building is in great condition, with some updated systems. Units are spacious and have some wood flooring, window units/fans, and forced air heat with 1br units each having own furnace. Some updated bathrooms. Building has 4 dedicated parking spots in back, security cameras, and street parking.
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Listing courtesy of Berkshire Hathaway Alliance