Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
$575,000
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Lot: 0.16 Acres
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Other
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$575,000
4219 Neosho Street Welcome to this 8-unit apartment building in charming Bevo. Built with brick and masonry, it delivers 7, 695 sf of curb appeal and durability. Inside are six 2-bed and two 1-bed units, all with private bedrooms, updated baths, and lots of original craftsmanship. Most units have LVP flooring in living room and bedrooms; some 2F units have carpet. The building is all electric, and central air was added in 2022. Pex water lines, updated electric panels, mostly PVC stacks. TPO roof (pre-2018 ownership) with 1/3 recently re-covered by seller. Some off-street parking is available. Tenants enjoy close access to public transportation, restaurants, and shopping, and love having just one utility bill. Current rents + $750 pro forma for vacancy = $66, 600 gross annual income less 2023 basic op. expenses of $17, 627 = $48, 973, a 8.5% cap at asking price. This property offers consistent cash flow as is, w/upside opportunity. Ask your agent for SD, rental property verification, & Rentometer report.
Courtesy of: Tammy Derrigan, Worth Clark Realty, tammyderrigan@gmail.com
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