122 Watts ST Park Hills, MO 63601
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,476 sqft
Price per Sqft $311
Subdivision Town Of Crawley
MLS Listing ID 26052142
Style Traditional
Year Built 1900
Annual Tax Amount $748
Lot Size 0.274 Acres
Acres 0.274
Property Sub-Type 2-4 Units
Property Description
Expand your investment portfolio with this four-property rental package in Park Hills, Missouri. Offered as a single portfolio, this package provides immediate cash flow with three homes already occupied by long-term tenants and one vacant home ready for its next tenant. Current rental income totals $2,672 per month from the three occupied properties: 122 Watts St: Leased at $1,000/month; 5 Pratt St: Leased at $822/month; 140 N Large St: Leased at $850/month. The fourth property, 105 S Shaw St, is currently vacant and was most recently rented for $1,015/month, providing an excellent opportunity for a new owner to lease at market rent while maintaining flexibility. At full occupancy, the portfolio generates $3,687 per month or $44,244 annually in gross rental income. Priced at $460,000, the package is being offered based on an approximate 7.5% cap rate. A complete rent roll and supporting financial information are available so buyers can review the income stream and understand exactly what is included in the portfolio.
Location
State MO
County St. Francois
Area 701 - Park Hills
Rooms
Basement Crawl Space
Interior
Heating Electric, Forced Air
Cooling Central Air, Electric
Fireplaces Number 1
Fireplaces Type None
Fireplace Y
Appliance Electric Range
Exterior
Parking Features false
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Building
Water Public
Structure Type Unknown
Schools
Elementary Schools Central Elem.
Middle Schools Central Middle
High Schools Central High
School District Central R-Iii
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Package
NEARBY SCHOOL & BUSINESS
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