109 W Yoakum Avenue, Chaffee, MO 63740

$229,900

Property Description

INVESTOR ALERT - THIS LIST PRICE OF $229,900 INCLUDES BOTH 109 W. YOAKUM (Very nice 6 Unit Apartment Building) & 115 W. YOAKUM (MLS 21073535 - 2 Story Building used currently for storage/warehouse) * These are 2 buildings with separate parcel #s - they are adjacent to each other & share a wall * 6 unit apt building at 109 W. Yoakum itself is an Outstanding Value & Great Income Producer- amazing Cap Rate of approx. 13.8% based on $205,000 market value for 109 W. Yoakum * One Efficiency Apt (vacant) - $315/mo * One 1BR, 1BA - $400 * Two 2BR, 1BA- $500 & $575 ea * Two 3BR, 2BA -$600 & $675 * Gross Operating Income: $35,580 * Annual Net Income: $28,308 * Several property & apt improvements/renovations including complete rehab of Unit #3 * Coin operated washer & dryer * Units 5 & 6 have w/d hookups * Tenants pay electric * Great parking in rear w/alley access * Also see MLS 21073526, 21073541 for additional listings available.

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Listing courtesy of Realty Executives Edge.

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