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You do not want to miss this beautiful brick six-unit apartment complex that has incredible potential for generating positive cash flow. With fair market rents, this property could potentially bring in around $54,000 a year. With 4 studio units and 2 two bedroom units, you can see an impressive cap rate of approximately 25% with the Sales Price of $120k and rehab cost of approximately at $100k. The opportunity to own a property with such high earning potential is rare and this property is sure to be snatched up quickly. With a steady stream of rental income, you can expect a reliable source of cash flow for years to come. Investing in this property offers not only financial benefits but also the satisfaction of owning a profitable asset. Do not let this opportunity slip through your fingers – act fast before it's gone.
- Directions
- From Ashland Ave, turn right onto Frederic Ave, then turn left onto 22nd St, in about 2 miles turn right onto 22nd St, then left onto south 14th St, your destination will be on the right.
- Subdivision
- Patee
- City
- St Joseph
- County
- Buchanan
- Property Type
- Residential Income / Apartment
- Listing Updated
- Apr 12, 2024 at 3:04pm
- MLS Number
- 2478839
- Property Tax
- $756
- Zoning
- $R-4
- Home Owners Association
- No
- Disclaimer
- The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
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- Information is deemed reliable but is not guaranteed.
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