Excellent investment opportunity to pick up a cash flowing rental complex with 16 units. This old world charm building produces monthly net income of $7,000+! Fourteen 1 Bedroom units & Two efficiency units. Complex consists of 4 private entrances, each with 4 units. Property currently has 15 occupied units with one in the process of being leased. Complex includes private parking lot and on street parking. Tons of updates throughout! The building has two basement areas offering private storage for each unit and coin operated laundry adding to the operating income. Building also offers additional storage for the building maintenance and a garage in the back of the building off the parking lot. Located across from Bellefontaine Cemetery. Minutes from OFallon Park and Hwy 70. Don't miss this opportunity to pick up this nicely updated one of a kind investment property today!
Courtesy of: Keller Williams Realty West Copyright 2021, Mid America Regional Information Systems, Inc.(MARIS). All rights reserved. Mid America Regional Info Systems does not display the entire IDX database of Mid America Regional Information Systems, Inc. (MARIS MLS) on this web site. Property listings of some REALTOR® brokerage firms have been excluded. Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information provided deemed to be reliable but is not guaranteed to be accurate. Buyers are advised to verify all facts before making a decision on purchasing a property. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Mid America Regional information Systems, Inc. (MARIS) will not be held responsibility for the content of such records.