605 Hall Street, St Joseph, MO 64501

Property Description

Investor alert! This charming two-story 4-plex offers strong cash flow and long-term tenant stability in the heart of St. Joseph. With classic curb appeal, a covered porch, and mature trees, this property is full of potential. The price has been lowered to reflect its fixer-upper condition. It needs work, but the bones are solid and the income is real. An inspection report is available upon request. This property is being sold as-is and will require updates. However, with an extensive interior remodel with all new appliances (Stoves, refrigerators, hot water heaters, furnaces) and 75% of roof replaced 5 years ago, multiple long-term tenants already in place and strong rental income, it’s a great opportunity for a savvy investor. - Net Operating Income (NOI): $31,052 - Cap Rate: 15.53% - Tenants Pay: Gas & Electric - Owner Pays: Water, Sewer, Trash - Apt 1 $1,100 4 bed 2 full bath - Apt 2 $700 1 bed 1 bath - Apt 3 $800 2 bed 1 bath - Apt 4 $600 1 bed 1 bath

Listing Status:

Active

Listing Office:

BHHS Stein & Summers : 816-232-2000

Listing Agent:

Jessica Greub : 816-646-4396

MLS ID:

2557693

Interior

• Appliances: RefrigeratorElectric RangeGas Range
• A/C: None
• Heating: Forced AirNatural Gas

Exterior

• General: Balcony
• Other Structures: Porch
• Parking: DetachedGarageOff StreetParking spaces: 4

Construction

• Roofing: Composition
• Windows: Storm Window(s)

Location

• Originating MLS: hmls
• School District: St. Joseph
• County: Buchanan

Lot

• Zoning: The East Ninety-four (94) feet of Lots Twenty-one (21)Twenty-two (22)Twenty-three (23)Twenty-four (24 and Twenty-five (25)in EGE'S ADDITIONan addition to the City of St. JosephBuchanan CountyMissouri.06-3.0-08-001-004-157.000

Utilities

• Utilities: Ind Heat And AirInd Water HeatersSeparate Meters
• Water: Public
• Sewer: Public Sewer

Financial

• Source: hmls

This listing courtesy of Jessica Greub, BHHS Stein & Summers