22061280 Listing Details

Property Details

Attention Investors! Possibilities abound with this well-situated rental property which can bring solid passive income into the future. Located just blocks from MS&T and Downtown Rolla, this well maintained 14-bedroom apartment complex has been recently renovated w/ hardwood floors throughout. It is fully leased through July 2023. Divided into 3 large units that have been rented to larger groups in the past. Property is currently rented on a room-by-room basis to 14 University Students with utilities included. Current gross income totals over $5300/ month. Continue to rent to students based on the close proximity to MS&T or live in one unit and rent the others. This property also falls within the Rolla Arts and Entertainment Overlay District which allows for a variety of business types including: Cafes/Restaurants, Dance/Yoga Studios, Antique Stores, Art Galleries, Coffee Shops, Jewelry Stores, Barber/Beauty Shops, Book Stores and many more (see attached map and information).

Year Built / Age: 1920
Listing Status: Active Under Contract
Subdivision: McEntees Add

Listed by: Acar Real Estate, Inc

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