1451 Luce Street, Cape Girardeau, MISSOURI 63701

$149,900
2,632
SqFt
List Price
$149,900
MLS#
20031837
Status
ACTIVE
Living Sq. Ft
2,632
Lot Size
7,841
Acres
0.18
Year Built
1930
Subdivision
Lorimier Place Add
Municipality
Cape Girardeau
County
Cape Girardeau
Listing Type
Multifamily

Property Description

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!

Additional Information

Gross Operating Income
1750
Total Expenses
$693
School District
Cape Girardeau 63
Elementary School
Franklin Elem.
Jr. High School
Central Jr. High
Sr. High School
Central High
Construction
Vinyl Siding
Parking Description
Additional Parking, Off Street
Operating Expenses
Lawn Care, Maintenance, Management
Cooling
3 Plus Window/Wall
Sewer
Public
Heating
Baseboard
Water
Public
Heat Source
Electric, Gas
Taxes Paid
693
Selling Terms
Cash, Conventional

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Vylla Home.

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