Fully Rented Princeton Heights Four Family For Sale

Building Features

4 family with 2 two bed units and 2 one bed units.
Located on a quiet street in Princeton Heights on a block with
many single family homes.
Rents are $595, $550, $540, $500
Fixed Expenses (taxes, insurance, water, sewer, trash) are $555 a month and $6,660 annually.
Rented under market rent for the neighborhood
Gross monthly income $2,185, annual gross of $26,220
Annual net income approximately $17,000 after expenses
One vacancy in the last 3 years
Building has updated electric and pvc plumbing, central air and forced air heat, hardwood floors, updated windows and brick sun-rooms for all of the units

Asking Price $174,900
Priced at an 10% cap rate

Jordan Schoen Is A Licensed Broker In The State Of Missouri