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Multi-family property for sale - Cape Girardeau

401 South Pacific Street, Cape Girardeau

MLS #19042655

$259,000

Estimated monthly payment: $1,050   Customize
(Assuming 20% down, 4.5% interest, 30-year fixed mortgage)

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.

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Facts

  • Status: Active
  • School district: Cape Girardeau
  • Includes approx. 0.4940 acres
  • Brick, stone exterior
  • Water system: Public water
  • Sewer system: Public sewer

Notices

  • This listing provided courtesy of the Mid America Regional Information Systems Internet Data Exchange. © 2019 MARIS. This website does not display the entire MARIS IDX database. Property listings of some REALTOR® brokerage firms have been excluded.
  • This property has been viewed 42 times.
  • This listing was last updated July 9, 2019.
  • All information is deemed reliable but is not guaranteed.