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This is two, eight unit buildings, with a total of 16 two bedroom and 1 bath units. This is a rare find in the Pattonville School District. The building is located in a quiet residential neighborhood. The property has updated kitchen and bathes, ceramic flooring, central air, new electrical breaker boxes, nice floor plan, new windows and individual washer and dryer hook ups. Buildings have been well-maintained. Off-street parking lot. Centrally located with convenient access to shopping & dining, plus just a few minutes drive to I-270, I-70, and I-364 (Page extension).
Annualized Financial Summary…
| CURRENT | MARKET | ||
| RENTS | $ 116,940 | $ 139,200 | |
| -5% vacancy | $ 5,847 | $ 6,960 | |
| REVENUE | $ 111,093 | $ 132,240 | |
| EXPENSES | |||
| taxes | $ 11,256 | $ 11,256 | |
| insurance | $ 10,492 | $ 10,492 | |
| sewer | $ 3,642 | $ 3,642 | |
| water | $ 3,068 | $ 3,068 | |
| electric | $ 946 | $ 946 | |
| maintenance | $ 3,543 | $ 3,543 | |
| trash/lawn | $ 2,014 | $ 2,014 | |
| TOTAL | $ 34,961 | $ 34,961 | |
| NET INCOME | $ 76,132 | $ 97,279 |
Please inquire for more detailed financial information.
2.7% buyer’s agent commission.
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