3237 Domain St, St Charles, MO 63301

Property Description

Rare purchase opportunity to own a 4 unit quadruplex building in the highly sought after New Town community in St. Charles. When originally built, the building had (two) 2-bedroom, 2.5 baths units on the upper 2 floors. The main level was used as business space. It was converted to all residential several years back growing from 2 units to 4 units total in the building. The 2 upper floors remain the same and the main level was made into two 1-bedroom, 1 bath units. The building is meticulously maintained with endless opportunities and updated at leases turnover. It has soaring high ceiling and open floorplans. New town is a complete lifestyle with business, coffee shops, restaurants, wine bar, dance academy, hair salon, fitness center, walkers, golf cart patrons, fishing, neighborhood pool for swimming, volleyball, amphitheater, weekend concerts, movie nights and so much more. There are 2 private parking spaces in the rear of the building that are attached to a larger lot that can be utilized by the building's tenants. All tenants will have access to all the New Town HOA amenities for one low building cost of $1015 annually paid by the operating expenses. At lease turnovers, it could be converted back to a multi-use building with work at the street level and residences above. Lots of possibilities for the wonderful quadruplex to grow your portfolio. Great cash flow generation, check out the property rental verification form.