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Key Details
Sold Price $94,500
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Square Footage 2,632 sqft
Price per Sqft $35
Subdivision Lorimier Place Add
MLS Listing ID 20031837
Sold Date 07/29/20
Construction Status 90
Year Built 1930
Building Age 90
Lot Size 7,841 Sqft
Acres 0.18
Lot Dimensions 50X154
Property Description
Ever heard of a money machine? This 2.5 story Victorian home has been converted into apartments located in downtown Cape Girardeau within walking distance of SEMO University, Southeast Hospital, parks, schools & local shopping. With 3 apartments ranging from 2 bedroom to a 5 bedroom offering flexibility as a possible boarding room option, this property is loaded with potential for maximizing income. Many of the high-ticket repairs you'd be concerned with as an investor have already been addressed in the form of brand new metal roof over the main structure, new shingled roof over porches, 3 individual electric meters with updated panels, 2 almost new high-efficiency furnaces serving the 1st & 2nd levels, 3 like-new water heaters, new cabinets and updated appliances in some kitchens, and miscellaneous repairs throughout including maintenance to key areas such as porch and rear stair tower. If you know rental property you'll recognize the value & opportunity here so call today!
Location
State MO
County Cape Girardeau
Area Southeast Missouri
Interior
Heating Baseboard
Cooling Window Unit(s)
Fireplace N
Appliance Some Insulated Window(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Some Wall to Wall Carpet
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Construction Status 90
Schools
Elementary Schools Franklin Elem.
Middle Schools Central Jr. High
High Schools Central High
School District Cape Girardeau 63
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Tracey Miller