803 Nathan St, Saint Charles, MO 63301

Rare chance to purchase a two-family in a quiet neighborhood on almost 1/3 acre. 3 blocks from Lindenwood University, near the new Schnucks, and the St. Charles Historic District. A new roof was just installed, the building was just painted, and the vacant unit was just made rent-ready. The building has 2 bed 1 bath units featuring central air conditioning, in-unit full-size washer and dryer hookup. The average rent for a 2 bedroom apartment within 2 miles in the last year is $1,141 with the average rent of $1.41 per sq. ft., with apartments renting for $1,105, $1,250, $1,396, $1,500 depending on size and updates. One unit left vacant to show and the other unit is occupied month to month by a 12-year tenant below market rent at $850. Units are individually metered with tenants paying water, sewer, gas, and electric bills keeping expenses low.