Two St. Charles Side By Side 4-Families

Building Features

• Opportunity to purchase turn key side by side 5280 Sq Ft four families with 2 bed units.
• 8 total units with 16 bedrooms with 1250 sq ft units that will be sold as a package.
• 6 of 8 units are currently rented below market rent. Current rents are $625,$625,$600,$625,$625,$625
• Market rent for similar size 2 bedrooms units in St. Charles is $750-$1,000
• Fully rented at $750 each building would generate $6,000 monthly and $72,000 a year.
• Building features off street parking, central air, updated electric, newer vinyl windows
• Hardwood floors have all been refinished, 7 of 8 furnaces have been replaced in the last 6 years.
• Roof, Soffits and fascia were replaced 6 years ago.
• Each tenant has their own private storage and the building comes with security cameras that stay with the building.

Annual Expenses

• Electric $751
• Water/Sewer $2,255
• Trash $2,460
• Pest Control $480
• Landscaping/snow removal $500
• Taxes $5,486
• Insurance $3,800
• Total 15,732
• Potential Gross Rent $72,000
• Vacancy (6%) $4,320
• Expenses $15,732
• Potential net income $51,948
• Potential cap rate based off market rent is 9.1%
• Paying buyers agents 2.7%

Jordan Schoen Is A Licensed Broker In The State Of Missouri