OPPORTUNITY IS KNOCKING! Purchase an updated 6-family apartment building in the desirable downtown Washington, MO area. This building is in great shape, featuring an entire brick front/vinyl exterior & 4 units having nice decks off the back. All units share a similar layout featuring 4 - 2 Beds, 1 Bath, & 2 - 3 Beds, 1 Bath +/- 1,080SF, 2 units renovated & some updates of the kitchen, floors & paint over time. Well maintained Building, w/sound systems, and HOA continued maintenance. The property is currently fully rented & the cash flow is strong - market rents are $975 for 2 bedroom & $1050 for 3 bedroom. Easy to find good tenants and keep rented. The new owner will take on a strong income-producing building from day one, with room to grow on monthly income. Affordable housing is in high demand, meaning this building is easy to rent! High occupancy and low maintenance make this property a winning deal! Priced well below recent multi-fam bldg sale nearby. Please do not disturb tenants
7 Village West (MLS #24055283) is a multi-family listing located in Washington, MO.
This multi-family listing is on a lot of 20,473 sqft (or 0.47 acres) and is 38 years old. This property was listed on 09/17/2024 and has been priced for sale at $459,000.
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Listing information courtesy of: ELS Real Estate Group
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