Excellent investment opportunity to pick up a cash flowing rental complex with 16 units. This old world charm building produces monthly net income of $7,000+! Fourteen 1 Bedroom units & Two efficiency units. Complex consists of 4 private entrances, each with 4 units. Property currently has 15 occupied units with one in the process of being leased. Complex includes private parking lot and on street parking. Tons of updates throughout! The building has two basement areas offering private storage for each unit and coin operated laundry adding to the operating income. Building also offers additional storage for the building maintenance and a garage in the back of the building off the parking lot. Located across from Bellefontaine Cemetery. Minutes from OFallon Park and Hwy 70. Don't miss this opportunity to pick up this nicely updated one of a kind investment property today!
Listing courtesy of Keller Williams Realty West.
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