Rare opportunity to purchase and renovate three buildings with twelve total units just minutes from Highway 55 in Arnold. Average rents in the area for 2 bedroom, 1.5 bathroom apartments exceed $1,100/m, but current rents across the occupied units average less than $800 per month. Add a bedroom to the walkout basement of each unit and rents could go even higher. Option to finance with three conventional loans or one commercial loan. Price is for one building. Please do not disturb tenants. Sold as-is. Additional information and photos available.
Courtesy of: Nichols & Associates Real Esta Copyright 2022, Mid America Regional Information Systems, Inc.(MARIS). All rights reserved. Elizabeth Real Estate Group does not display the entire IDX database of Mid America Regional Information Systems, Inc. (MARIS MLS) on this web site. Property listings of some REALTOR® brokerage firms have been excluded. Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information provided deemed to be reliable but is not guaranteed to be accurate. Buyers are advised to verify all facts before making a decision on purchasing a property. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Mid America Regional information Systems, Inc. (MARIS) will not be held responsibility for the content of such records.
Let's Grab Some Coffee and Talk
Please complete the form and we'll contact you soon!