Looking for a Value Add property that is already CASH FLOWING? You have found it! Located just 20 minutes west of Wentzville, this property includes 5 buildings for a total of 24 units. Two buildings have new roofs in the past year. Includes a mix of 1 and 2 bedroom apartments AND 2 and 3 bedroom Townhome units. Many units have been updated with long-term tenants in place. Currently under Professional Management. Management Company would like to remain in place. Current Gross Rents bring in approximately $153,000 annually. Pro-Forma rents total $180,600 annually. These units are located in an OPPORTUNITY ZONE and qualify for 3 different tax benefits as outlined in the Tax Cuts and Jobs Act of 2017 (TCJA). See attachments or check with your CPA for additional information. Currently, there are 5 vacant units with 1 or 2 units finishing up improvements and renters lined up. This is an AS IS sale.
Listing courtesy of Coldwell Banker Gundaker-Chesterfield West.
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