711 Decatur, St Charles, Missouri

$420,000
Active
711 Decatur, St Charles, Missouri
711 Decatur, St Charles, Missouri
711 Decatur, St Charles, Missouri
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Property Details

MLS ID: 25028942
Status: Active
Price: $420,000
Acres: 0.12±
Type: Multi-Family, Commercial
Address: 711 Decatur
City, State: St Charles, MO
County: St Charles County
ZIP Code: 63301
Parcel Number: 6-009 A-B218-00-0002.0000000
Year Built: 1930

Description

Rare opportunity to acquire an updated 7-family property with a 2-car garage in St. Charles. The main building includes five units, while two additional units are located in a separate building at the rear of the property. Tenants enjoy access to a fenced backyard and a covered front porch. The main building offers approximately 2,415 sq ft of living space, with an estimated 1,100 sq ft in the rear building, totaling roughly 3,515 sq ft. Currently, six units are occupied. Once fully leased—including the seventh unit and the second garage space (which rents for $50/month)—the property is projected to generate $4,335 per month in gross rental income. There is solid potential for rent increases. The average rent for studio apartments within a 10-mile radius over the past year is $1,207, while one-bedroom units within a 3-mile radius averaged $1,309. Over the past 12 months, the property generated $47,531 in income, with operating expenses totaling $20,540.

Amber Cole

Amber Cole

Sports Afield Real Estate

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Listed By: Jordan Schoen of Invest St. Louis

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