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Nearby Schools
South Point Elem.Elementary School
Washington MiddleMiddle School
Washington HighHigh School
Description
Rare opportunity to purchase an updated 6-family apartment building in the desirable downtown Washington, MO area. This building is in great shape, featuring a full brick front, vinyl exterior & 4 units having nice decks off the back. All units share a similar layout featuring 2 Beds, 1 Baths, +/- 1,080SF, all with some updates of the kitchen, floors & paint over time. The building has been well maintained, with good systems, and HOA continued maintenance. The property is currently fully rented and the cash flow is strong - rents are $625, $580, $600, $600, $625 & $580. Very 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 and keep full. 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.
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