1545 Main St Festus, MO 63028-2065

Property Details for 1545 Main St

Year built

1975

Lot size

0.34 lot acres

Property size

8,448 SF

Zone code

CT1

Property type

Garden apartment buildings

APN

18-1.0-12.0-0-002-005.

APU

18101200002005

Description

This exceptional 14-unit multi-family property located at 1545 W Main Street in Festus, Missouri, presents a compelling investment opportunity. Situated on a 0.34-acre lot within the city limits, this fully occupied building offers convenient access to local amenities, including a nearby school and daycare center. The property comprises a mix of ten two-bedroom units and four one-bedroom units, ensuring a diverse tenant base and strong rental income potential. Adding to its appeal, the building includes a valuable amenity: coin-operated washers and dryers, providing an additional revenue stream for the owner. Each unit boasts its own private storage unit located in the basement, a feature highly sought after by renters. Further enhancing the property's functionality is a dedicated office space complete with a bathroom, situated in the basement for convenient management. This turnkey investment property offers a rare chance to acquire a stable, high-occupancy multi-family building in a desirable location with significant income potential. The property is priced at $1,150,000. This represents a strong return on investment given the current occupancy and rental income generated. The convenient location and desirable features make this an attractive option for both seasoned investors and those new to the multi-family market. Serious inquiries are encouraged.

Location Insight

City

Festus

County

Jefferson

State

Missouri

Longitude

-90.414

Latitude

38.2177

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments