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Last Updated: 2024-04-22 12:42:51
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Property is not currently list as for sale or for rent on HouseViewOnline
Multiplex for sale at
122 W North St
, Sikeston
MO
63801
LOOKING FOR GREAT CASH FLOW? 13.2% Cap Rate based on 2014 actual rents. 13.6% Cap Rate based on max rental. Fully occupied 6-Plex in great Sikeston location. Nice neighborhood and walking distance to downtown. Each unit is 2BR, 1.5BA Townhouse with privacy fenced patio & ample parking. Gross Annual Income $38,400 based on current income. 4 units currently $550/mo and 2 units currently $500/mo. As all units increase to $550/mo, Total Annual Gross Income = $39,600. Most legwork and many improvements already made for new owner...updates since 2010: 4 a/c units, 3 furnaces, 3 water heaters, 5 refrigerators, 3 dishwashers, all new carpet, most vinyl flooring as well.
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