63 E School Street, Bonne Terre, MO 63628

Property Description

Excellent investment OpportunityCurrent $44,301,60 gross with NOI annually of an estimated $39,401.60. If only 90% collected. On storage building. Current cap rate of 10.15%. The units are currently 33% lower cost than the majority of units in St Francois county and less than all units in St Francois county. The lot is paved with police patrol regularly due to bank across the street and church next door.Second building is included. This structure has a one bedroom apartment in rear that is air b n b. It brings in approx. $1000 per month. The office in front is an estimated 260 sq. ft. Two rooms. 63 E School St, Bonne Terre, MO 63628The total lot with two buildings and parking lot is just over 100 ft x 125 ft3 year lease was just signed with Shelter Insurance for the office space. Location: Rural

Property Features

Local Schools