12 Unit Apt, 17% COC, Positive Cashflow, Nice area, STL, MO

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Apartment complex contains 12 Units, This is a C class property is located in a growing community of a C to B neighborhood surrounded by single family, duplex, and fourplex properties. The apartment is currently 100% leased with positive cash flow. The building has minor differed maintenance with immediate cash for distribution. The building is in attractive neighborhood and in simple one form construction. Rents are under market with potential to increase rents immediately by a minimum of 5% to 11%.

Just adding management, raise rents, and bill back utilities can increase the value cash flow immediately. The resulting re-positing will create an asset that provides both cash flow and positive equity growth.

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