Neighborhood: South City, South Kingshigway Terrace
Property Taxes: $2,512
Tax Year: 2021
Incredible turnkey 4 family building with 6 car garage! Extremely unique cashflow property to add to any investors portfolio. The garage is sectioned into 6 individual bays, each rented month to month at $95/month. The apartments are all large true 1 bedroom units with separate living and dining rooms. They've been well updated and cared for with several long term tenants. Current rents are $795/775/785/760, bringing the total annual gross rent to $44,220. 10% cap rate! Owner has updated just about everything in this building recently, including roof, windows, electric service, 3 of 4 HVACs, new security fencing, etc. These deals don't hit the market much anymore, so don't wait! Seller is a licensed real estate agent in MO.
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