Description
Excellent income-producing multifamily property offering a current 9% cap rate, with a proven path to a pro forma valuation of $535,000 with minimal renovations. All units are spacious 2-bedroom, 1-bath layouts featuring open-concept designs and oversized kitchens. Each unit includes a dishwasher, a full appliance package, central air, and central heat, with many units recently updated. Very close to downtown, NewBo, Kirkwood, and major highway access. Electric and gas are separately metered, with the owner responsible only for common-area lighting and gas for the common-area water heater. The building features a metal roof, vinyl windows, security cameras, and both on- and off-street parking. Units are also well-suited for furnished rentals for traveling nurses or data center professionals—one unit is already furnished and rented at $1,400 per month.
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0BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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5,400SQFT
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$91$/SQFT
School Information
Description
Excellent income-producing multifamily property offering a current 9% cap rate, with a proven path to a pro forma valuation of $535,000 with minimal renovations. All units are spacious 2-bedroom, 1-bath layouts featuring open-concept designs and oversized kitchens. Each unit includes a dishwasher, a full appliance package, central air, and central heat, with many units recently updated. Very close to downtown, NewBo, Kirkwood, and major highway access. Electric and gas are separately metered, with the owner responsible only for common-area lighting and gas for the common-area water heater. The building features a metal roof, vinyl windows, security cameras, and both on- and off-street parking. Units are also well-suited for furnished rentals for traveling nurses or data center professionals—one unit is already furnished and rented at $1,400 per month.