Description
INVESTOR ALERT " TOTAL LIST PRICE OF PROPERTY IS $375,000 AND INCLUDES BOTH 116 S. Main (4 UNIT Apartment Building) and 118 S. Main (5 Unit Apt Building) * These are two buildings with separate parcel #s " the adjoin each other * 4 unit apt building at 116 S. Main itself is an Outstanding Value and Great Income Producer " amazing Cap Rate of approx. 12% based on Market Value of $200,000 for 116 S. Main * One 1BR, 1BA - $550 * Three 2BR, 1 BA- $600. $600, $625 * Gross Operating Income: $29,400 * Fire destroyed interior of building 2009-was then re-designed with 4 units and reconstructed using the good bones with all new elec, plumbing, HVAC, cabinetry, walls, flooring, fixtures, etc. * Coin operated laundry plus Apt 1 & 2 have w/d hookups * Tenants pay electric * 2 car carport in rear *
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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3,571SQFT
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$56$/SQFT
School Information
Description
INVESTOR ALERT " TOTAL LIST PRICE OF PROPERTY IS $375,000 AND INCLUDES BOTH 116 S. Main (4 UNIT Apartment Building) and 118 S. Main (5 Unit Apt Building) * These are two buildings with separate parcel #s " the adjoin each other * 4 unit apt building at 116 S. Main itself is an Outstanding Value and Great Income Producer " amazing Cap Rate of approx. 12% based on Market Value of $200,000 for 116 S. Main * One 1BR, 1BA - $550 * Three 2BR, 1 BA- $600. $600, $625 * Gross Operating Income: $29,400 * Fire destroyed interior of building 2009-was then re-designed with 4 units and reconstructed using the good bones with all new elec, plumbing, HVAC, cabinetry, walls, flooring, fixtures, etc. * Coin operated laundry plus Apt 1 & 2 have w/d hookups * Tenants pay electric * 2 car carport in rear *
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-06-05T23:39:12.183.
LuxREco: 314-892-5200
Listing provided courtesy of Edge Realty: 3358111. Listing information © 2023 Mid America Regional Information Systems, Inc.