$249,000

401 S Pacific St

Cape Girardeau MO, 63703

Description

Attention investors looking for cash flow! Consider this turnkey apartment complex close to downtown Cape with an 18% Cap Rate. This property has two separate buildings with a total of 9 units and a potential 10th. Each unit has it's own 200 amp meter/breaker panel, water heater, refrigerator, and stove. Buildings have updated plumbing, sewer, electric and windows, and off street parking. Owner pays trash, water, and sewer. Tenants pay electric. Laundry room in basement is finished if the new owner opts to have onsite laundry. Large garage and extra lot at 911 Bloomfield is included in sale. Package pricing available for 19038887, 19042655, 19055443, 19055427, 19056224 and 19043774.

Details

MLS#19042655
Sub-TypeResale
StatusActive
Year1925
Days On Site135

Features

SQ Feet8,500
Building(s)1

Market Activity 63703

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Area Information

StateMO
CountyCape Girardeau
CityCape Girardeau
Zip Code63703
Listing VS Median (in 63703)
Price:
$249,000
low | high
Med:
$89,000
100% of Average
SqFt:
8,500
low | high
Med:
0
100% of Average
$ / SqFt:
$29
low | high
Med:
$0
100% of Average
On Site:
135
low | high
Med:
282
47.872340425532% of Average
Listing Updated: 10/20/2019
MLS Number: 19042655
Listing Provided By:
Jacob Fish  of  Realty Executives Independence