2834 Independence, Cape Girardeau, MO 63703

Property Description

Located between N. Silver Springs and Gordonville Road, close to St. Francis Hospital. Twenty-two (22) unit apartment complex featuring fourteen (14) 3BR/1.5Ba, four (4) 2BR/1Ba and four (4) 1BR/1Ba. The total scheduled is $14,555/month. Room to increases rents (value add). Most are HUD/Section 8 tenants: guaranteed income. The site reportedly would support an additional five (5) units. On-site coin-operated laundry. Drive-by only, please do not disturb tenants. Excellent investment opportunity with professional property management already in place. The landlord provides water/sewer and trash. Tenants pay for electricity and gas. Inspection reports, rent roll and expense information are available. Requires 48-hour notice for showings.