Description
This office building brings in $3,865/month with 6 separate spaces + a billboard that can be seen from the highway with 3 separate signs. All of the units are on month to month leases so you can instantly raise the rents upon closing + the billboards are not currently used so you can start using this for additional income day 1 as well. This building is perfect for an investor looking for passive cashflow or a business owner looking for a new office space where they can use the cashflow from the other units to operate rent/ mortgage free. The expenses this past year were $16,483. If all 6 units were leased year round, the NOI would be $29,897 which would make this a current 7.94% cap rate. If you are going south off of highway 55, get off at Vogel then turn left on the w Outer rd and this property is about a quarter mile down. Continue straight down Vogel there is a Target, Schnuuks, Home Depot, numerous restaurants, Miller Crossing Apartments and numerous other attractions.
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
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3,944SQFT
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$96$/SQFT
School Ratings & Info
Description
This office building brings in $3,865/month with 6 separate spaces + a billboard that can be seen from the highway with 3 separate signs. All of the units are on month to month leases so you can instantly raise the rents upon closing + the billboards are not currently used so you can start using this for additional income day 1 as well. This building is perfect for an investor looking for passive cashflow or a business owner looking for a new office space where they can use the cashflow from the other units to operate rent/ mortgage free. The expenses this past year were $16,483. If all 6 units were leased year round, the NOI would be $29,897 which would make this a current 7.94% cap rate. If you are going south off of highway 55, get off at Vogel then turn left on the w Outer rd and this property is about a quarter mile down. Continue straight down Vogel there is a Target, Schnuuks, Home Depot, numerous restaurants, Miller Crossing Apartments and numerous other attractions.
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-11-29T13:39:43.73.
Hartmann Realtors Inc.: (618) 344-7900
Listing provided courtesy of The Agency: 6771477. Listing information © 2023 Mid America Regional Information Systems, Inc.