Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential.
Income-Producing Details:
• Gross Monthly Income: $3,625
• Monthly Expenses: $1,212
• Net Monthly Income: $2,413
• Additional Income Potential: 2-car garage rentable for approx. $100–$150/month
• Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area
Unit Breakdown:
• Three (3) units: 1 bedroom, 1 bath
• One (1) unit: 2 bedrooms, 1 bath
Property Highlights:
• Hardwood or luxury vinyl plank flooring throughout
• Updated kitchens with new cabinetry
• Updated bathrooms
• Separate electric meters for each unit
• Refrigerators and electric range/oven included in all apartments
• Roof on main house less than 10 years old
• New siding (2016)
• New roof on garage (2026)
This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio.
A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.
