Exceptional investment property. 4-unit building with cap rate of 12.21% (3 out of 4 units currently occupied). (4) 1 bedroom units. Rent is $600/month for one unit and $575/month for one unit and $565 for the third with room to increase. Tenants pay all utilities. Laminate wood floors in 3 out of 4 units. Carpeting in 1 unit. Separate living room and kitchen with refrigerator, range/oven and microwave. Off street parking lot in rear of building. Great South City location convenient to shopping, dining and entertainment location; close o Benton Park, Lafayette Square and Soulard. Proof of funds or pre-approval required. All purchase contracts must be accompanied by a minimum earnest deposit equal to 5% of the purchase price. If FHA, the minimal amount of earnest money paid shall be 3.5% of the purchase price.
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