121 E Rodney Dr Unit H, Cape Girardeau, MO 63701

$1,170,000

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List Price
$1,170,000
MLS#
26034038
Status
ACTIVE
Year Built
1974
Subdivision
La Messa Second Subdivision
County
Cape Girardeau
Listing Type
Multifamily

Property Description

16-Unit Multi-Family Portfolio Near Arena Park – Must Sell Together. Strong cash-flowing portfolio located between Themis and Independence Street, walking distance to Arena Park. Total scheduled rent is $12,700/month. Tenants pay for all utilities. 100% occupancy. No delinquencies. 121 Rodney: Six (6) 2-bedroom units with in-unit washer/dryers, dishwashers, window A/C and baseboard heat. 51 Hazel: Two (2) 2-bedroom and eight (8) 1-bedroom units with coin laundry, baseboard heat; nine (9) units with window A/C, PTACs and one (1) unit with central A/C. The complex also has a large utility garage and storage room. Current rent roll, T12, and recent CapEx summary available. Opportunity for value add. 48-hour notice required for showings to qualified borrowers. Drive-by only, please do not disturb tenants. Broker Owned.

Additional Information

School District
Cape Girardeau 63
Elementary School
Clippard Elem.
Jr. High School
Central Jr. High
Sr. High School
Central High
Parking Description
On Site
Cooling
Central Air, Electric, Varies By Unit, Window/Wall
Heating
Baseboard, Electric, Forced Air, Varies by Unit
Water
Public
Selling Terms
Cash, Conventional

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Listing courtesy of On-Point Property Advisors.

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