A RARE opportunity in historic Soulard! These TWO (1709 & 1711), 3-Family all brick buildings offer an excellent opportunity to acquire an INCOME PRODUCING properties that are in walking distance to Soulard Farmers Market, Bogart's, etc. Current rents offer a CAP rate near 7%. With appropriate updates & adjustments in rent, CAP rate could near 7.5%-8% when fully rented! A SURE BET for any savvy investor/owner occupant. NEW ROOF & GUTTERS in 2018. The 1st floor & middle units of 1709 consist of 2 beds & 1 bath. 1st floor & middle units of 1711 consist of 1 bed & 1 bath. Both buildings have a 3rd floor 1 bed, 1 bath efficiency unit. The middle unit of 1709 underwent a FANTASTIC, COMPLETE renovation 4 months ago. Plus, plenty of street parking in front & assigned spaces in back. FYI - similar 2 beds in Soulard are renting at $1000/month!! Unit A in 1711 S. 8th is vacant & can be seen now. SEE RENTAL VERIFICATION FORM FOR CURRENT RENTS (ranging from $550 - $970 / unit per mo.)
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