10.23 cap rate! OUTSTANDING LOCATION OFF OF TR HUGHES AND I-70. GREAT OPPORTUNITY IN ST. CHARLES COUNTY FOR 2-FAMILY INCOME PROPERTY! OWNER HAS DONE LOTS OF UPDATING WITH ALL NEWER THERMAL WINDOWS, UPDATED KITCHENS, APPLIANCES, BATHS, AND FLOORING! OUTSIDE THERE IS FRESH CONCRETE SIDEWALKS, AND UPGRADED UNDERGROUND DRAINAGE SYSTEM! MATERIALS USED ARE MADE TO LAST WITH TENANT ABUSE. EACH UNIT HAS 2 BEDROOMS, 1 FULL BATH W/TUB/SHOWER COMBO, LARGE EAT IN KITCHEN W/AREA FOR SMALL OFFICE/DESK, SPACIOUS LIVING ROOM, AND CONVENIENTLY LOCATED LAUNDRY- ALL ON ONE MAIN LEVEL. CENTRAL AIR & FORCED HEAT FOR EACH UNIT WITH INDIVIDUALLY METERED UTILITIES. EASY TO RENT IN DESIRABLE FT. ZUMWALT SCHOOL DISTRICT. LOCATED IN A QUIET NEIGHBORHOOD JUST MINUTES FROM SCHOOL, I- 70, MID RIVERS MALL, SHOPPING, RESTAURANTS, PARKS, AND EVERYTHING YOUR TENANTS NEED. ONE UNIT MONTH TO MONTH RENTED AT BELOW MARKET $575, NEW TENANT ON NEARLY IDENTICAL UNIT LEASED AT $750 PER MONTH. RAISE OTHER SIDE TO $750=11.85 CAP
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