10+ Door Package with a 6-1/2 cap rate available to an investor looking for a portfolio. Consists of a 4-family in Soulard, 2 two-family properties, and 2 single family, one of which has an existing, additional building which could be renovated into an 11th door.
Gross rents: $111,960 but could be $164,520 according to rentometer.com
Package NOI: $77,395
Cap Rate 6.6% at current rents
1208-10 Lynch, 3651 Marceline Terrace, 227-229 Schirmer, 7624 Vermont, and 4058 Concordia.
Out of the ten doors, 9 are occupied with varying lease terms, one is available for showing; do not approach the buildings or the tenants.
