Ever heard of a money machine? This 2.5 story Victorian home has been converted into apartments located in downtown Cape Girardeau within walking distance of SEMO University, Southeast Hospital, parks, schools & local shopping. With 3 apartments ranging from 2 bedroom to a 5 bedroom offering flexibility as a possible boarding room option, this property is loaded with potential for maximizing income. Many of the high-ticket repairs you'd be concerned with as an investor have already been addressed in the form of brand new metal roof over the main structure, new shingled roof over porches, 3 individual electric meters with updated panels, 2 almost new high-efficiency furnaces serving the 1st & 2nd levels, 3 like-new water heaters, new cabinets and updated appliances in some kitchens, and miscellaneous repairs throughout including maintenance to key areas such as porch and rear stair tower. If you know rental property you'll recognize the value & opportunity here so call today!
Listing courtesy of Vylla Home.
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