16 Unit - Turnkey
St Louis, MO 63116
Fully occupied, three are subsidized.
cosmetic update completed to half the units this year.
Stable long term tenants. There's an opportunity to increase some of the rent over time.
This property can be viewed after a contract agreement is reached.
Roof: The roof was replaced in 2020 by a previous owner. New Fascia, soffits, and gutters installed in 2021.
HVAC: Five Central ACs (one new in 2021) and Four new Furnaces in 2020.
Eight new window ACs installed in 2021.
Electricity: Separate meters and minimal landlord paid electric.
New front and lateral exterior lighting installed in 2020.
Storage lockers and washer/dryer hook-ups No storage is provided.
Laundry will be provided and maintained by Hoppy’s by the end of August 2021
Sewer: Was inspected in 2020 and showed no issues.
Appliances: Some new appliances, and spare/extra like new appliances are in the basement and will stay in the sale at no value.
Tenancy: Fully occupied, three are subsidized.
MINING: This property currently has a crypto mining device and antenna installed on the roof that can be transferred with the sale or removed. The income varies based on activity and value of cryptocurrency token but yielded $675 in the July and requires no active action from owner.
9.2% Cap Rate
*** Sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. ***
**** All showings are subject to the states COVID-19 orders, recommendations, guidance, and all CDC and local health mandates and/or guidance regarding showings. Please practice social distancing and wear masks ****
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St. Louis, MO 63116, USA