Main Photo for MLS 21073526

Single Family Home for sale at

116 S 118 Main Street , Chaffee MO 63740
MLS :21073526
Bathrooms:Full:4  ¾:  ½:
View Count: 655
Photo ofM.A. Bell
M.A. Bell
Edge Realty
Cell: (573) 604-BELL
Brokerage: (573) 335-8111

THIS LIST PRICE OF $299, 900 INCLUDES BOTH 116 S. MAIN (4 Unit Apartment Building) and 118 S. MAIN (MLS 21073541 - 5 Unit Apt Building) These are two buildings with separate parcel #s - they adjoin each other 4 unit apt building at 116 S. Main itself is an Outstanding Value and Great Income Producer- amazing Cap Rate of approx. 12% based on $160, 000 market value for 116 S. Main One 1BR, 1BA - $500 Three 2BR, 1BA- $550, $550, $575 Gross Operating Income: $26, 100 Annual Net Income: $19, 891 Fire destroyed interior of building 2009-was then re-designed with 4 units & reconstructed in 2009 using the good bones with all new elec, plumbing, HVAC, cabinetry, walls, flooring, fixtures, etc Coin operated laundry plus Apt 1 & 2 have w/d hookups Tenants pay electric 2 car carport in rear This can also be purchased along with MLS 21073646, 21073630 & 21073535 for Package Price of $599, 900.

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