6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income.
This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%.
Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout.
The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more.
This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month.
Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents.
Brings in $6,925/month currently or $83,100/annually
Expenses are $1377/month or $16,532/annually
The in-place cap rate is 8.21%
