About 8828 N Main Street
Calling all investors! Commercial 5 plex up north great investment in a great area. 2 studio apartments. 1 bath. 2, 1 bedroom. 1bath. 1, 2 bedroom. 2 bath. Close to shopping area, off-street concrete parking, some storage, separate electric meters and has a Huge Green Space. Offering a 6% cap rate. Great 1031 exchange property. Investors to make offers contingent upon inspections as to not to disturb tenants.
Unit 1a. $679 (under rented)
Unit 2b vacant 1/1 $799 have rental application for new tenant.
Unit 3c 2-1 rented for $850
Unit 4d 2-1 rented $800
Unit 5b 2-2 $875 rented
Total rent $4,003 a month $48,036 gross annual income x .70 for leaves 30% for expenses, net income 33625/ 5000 is a 6% cap.
Seller is a licensed salesperson in Missouri.
