5096 Minerva AVE St Louis, MO 63113

l3 unit apartment complex (brick) in North St. Louis City. 6-3 bedroom1 bath apartments, 2-2 bedroom 1 bath apartments, l-2 bedroom 1 bath townhouse, and 4-1 bedroom 1 bath apartments. The 3 bedrooms rent for $800-$825, 2 bedrooms rent for $600-$750 per month , and the 1 bedrooms rent from $550-$625 per month. The annual gross revenue is in excess of $112,000 at full occupancy. Current occupancy is 70 percent with 4 units that are rent ready. The 2018 annual real estate taxes was approximately $3,000, owner paid utilities in 2018 was approx $3,607.15 Water-Trash 2018 $2,945.40 Sewer 2018. The property/liability insurance with a $550.000 Replacement Cost limit with a $10,000 deductible is approximately $2,900. The prospective buyer needs to have good credit, have pre-approved financing, a line of credit and/or cash for a transaction of this size. A Proof of Funds letter will be required prior to investing the time of scheduling walk throughs of the property for potential Sale Contract.