63 E School ST Active Save Request In-Person Tour Request Virtual Tour
Bonne Terre,MO 63628
Key Details
Property Type Commercial
Sub Type Commercial & Indr.
Listing Status Active
Purchase Type For Sale
MLS Listing ID 23068882
Year Built 1988
Building Age 35
Lot Size 0.287 Acres
Property Description
Excellent investment Opportunity
Current $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 63628
The total lot with two buildings and parking lot is just over 100 ft x 125 ft
3 year lease was just signed with Shelter Insurance for the office space.
Location
State MO
County St Francois
Area Bonne Terre
Zoning Commercial
Interior
Heating Forced Air
Cooling Electric
Exterior
Utilities Available Cable Available,Electricity Available,Water Available,Sewer Available
Roof Type Metal
Building
Sewer Public Sewer
Water Public
Structure Type Conventional
Others
Acceptable Financing Cash Only,Conventional
Listing Terms Cash Only,Conventional
Special Listing Condition None