2225 North 4th Street, St Charles, MO 63301

Opportunity to purchase two multi-family buildings in St. Charles. These properties have individual tax parcels but are being sold together, totaling 14 units. One building has 8 units, and the other has 6, all featuring 1-bedroom, 1-bathroom layouts. The combined building size is 6,440 square feet, and the total lot size is 0.361 acres. Some units and buildings have been upgraded in recent years. There is great potential to increase rent significantly, both as-is and with additional updates. With future updates, such as modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could potentially increase by 20%-35%. With units potentially renting at $995 after updates, the buildings could generate $13,930 per month, or $167,160 annually. There are 26 parking spots available for tenants. Note: these properties are located in a flood plain. A virtual tour, rent, and sales comparables are available upon request.