Fully Rented Princeton Heights 4-Family For Sale

Building Features

• 4 family with 2 two bed units and 2 one bed units.
• Located on a quiet street in Princeton Heights on a block with many single family homes.
• Rents are $595, $550, $540, $500.
• Fixed Expenses (taxes, insurance, water, sewer, trash) are $555 a month and $6,660 annually.
• Rented under market rent for the neighborhood.
• Gross monthly income $2,185, annual gross of $26,220.
• Annual net income approximately $17,000 after expenses.
• One vacancy in the last 3 years.
• Building has updated electric and pvc plumbing, central air and forced air heat, hardwood floors, updated windows and brick sun-rooms for all of the units.

Asking Price $174,900
Priced at an 10% cap rate

Jordan Schoen is a Licensed Broker in the State of Missouri.