Properties

Remarks

Fantastic investment opportunity in the heart of St. Joseph! Located on picturesque Hall Street, this fully remodeled 4-plex at 605 Hall St offers over 4,600 sq ft of living space and all units occupied with annual leases. Fourplex includes two 1-bedroom units, one 2-bedroom unit, and one spacious 4-bedroom unit, generating $3,150/month in rent with a strong 12% cap rate. Built in 1880 and not on the historical registry, the property blends classic character with modern updates, including a full interior renovation in 2021 with new appliances, a roof mostly replaced 3 years ago, and a freshly recoated flat roof. Tenants pay their own gas and electric, while the owner covers water, sewer, and trash. Off-street parking is available in the rear, along with a detached garage historically recognized as the oldest carriage house in St. Joseph (garage in need of brick repair). Don’t miss this turnkey multi-family property with strong cash flow and long-term potential. More pictures and floor layout to come.

Listing Office: BHHS Stein & SummersMLS ID: 2557693