Properties

Remarks

Investor alert! This charming two-story 4-plex offers strong cash flow and long-term tenant stability in the heart of St. Joseph. With classic curb appeal, a covered porch, and mature trees, this property is full of potential. The price has been lowered to reflect its fixer-upper condition. It needs work, but the bones are solid and the income is real. An inspection report is available upon request. This property is being sold as-is and will require updates. However, with an extensive interior remodel with all new appliances (Stoves, refrigerators, hot water heaters, furnaces) and 75% of roof replaced 5 years ago, multiple long-term tenants already in place and strong rental income, it’s a great opportunity for a savvy investor. - Net Operating Income (NOI): $31,052 - Cap Rate: 15.53% - Tenants Pay: Gas & Electric - Owner Pays: Water, Sewer, Trash - Apt 1 $1,100 4 bed 2 full bath - Apt 2 $700 1 bed 1 bath - Apt 3 $800 2 bed 1 bath - Apt 4 $600 1 bed 1 bath

Listing Office: BHHS Stein & SummersMLS ID: 2557693