401 South Pacific, Cape Girardeau, MISSOURI 63703

$259,000
8,500
SqFt
List Price
$259,000
Price Change
▼ $10,000 1562722508
MLS#
19042655
Status
ACTIVE
Living Sq. Ft
8,500
Lot Size
21,519
Acres
0.494
Year Built
1925
Subdivision
Popp
Municipality
Cape Girardeau
County
Cape Girardeau
Listing Type
Multifamily

Property Description

Attention investors looking for cash flow! Consider this turnkey apartment complex close to downtown Cape with an 18% Cap Rate. This property has two separate buildings with a total of 9 units and a potential 10th. Each unit has it's own 200 amp meter/breaker panel, water heater, refrigerator, and stove. Buildings have updated plumbing, sewer, electric and windows, and off street parking. Owner pays trash, water, and sewer. Tenants pay electric. Laundry room in basement is finished if the new owner opts to have onsite laundry. Large garage and extra lot at 911 Bloomfield is included in sale. Package pricing available for 19038887, 19042655, 19055443, 19055427, 19056224 and 19043774.

Additional Information

Gross Operating Income
51900
Total Expenses
$6,865
School District
Cape Girardeau 63
Elementary School
Jefferson Elem.
Jr. High School
Central Jr. High
Sr. High School
Central High
Construction
Brick/Stone Msn Pred
Parking Description
Parking Lot
Cooling
Window Unit(s)
Sewer
Public
Heating
Baseboard
Water
Public
Heat Source
Electric
Taxes Paid
1014
Selling Terms
Cash, Conventional

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Realty Executives of Cape County.

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