8954 Natural Bridge Road, St Louis, MN 63121

8950 Natural Bridge (duplex), 8954 Natural Bridge (3 units) and 8958 Natural Bridge (6 units + storage unit) are being sold together. Currently this property brings in $7,580/month. $840/month is the Section 8 Fair Market rent for studios and 1beds in this zip code. If all rents were brought to the Fair Market rent for the area, this property would be bringing in $9,500/month. The taxes for all 3 buildings is a total of $12,136. The seller's annual insurance premium is $8,400. The utilities average around $1500/month which comes out to $18,000 annually. If you bring all units to Market Rate rent and account for 5% vacancy, the Proforma NOI is $69,794 which would be a 9.97% cap rate at a $700,000 purchase price. All units are occupied, please do not disturb tenants. Units can only be viewed with an accepted contract.