905-909 Adams St, Jefferson City, MO 65101

They don't build em like they used to...SOLID all brick 1960s construction! This purpose-built 7-plex is a great portfolio addition. Immediate cash flow and turn-key would be a fantastic long term investment. All electric and plumbing professionally redone in 2019. Updates include: all new wires, panels & meter bases, and all new plumbing throughout! Currently grossing $2,300 a month, but when two vacant apartments are filled, building will gross $3,400 a month! 2 vacant apartments have been fully renovated, repainted and are ready for new tenants at $550 (tenant pays electric) up to $600/mo (Section 8 will pay $600 for these apartments if you agree to also pay the electric). Allowing you a monthly gross rent of $3,000-$3,600. Room for value add opportunities such as pet fees, coin op laundry, etc. The 6 apartments have all been extensively and completely renovated in the past 5 years, including new gas furnaces in each unit, tile in bathrooms, lots of new laminate flooring, new countertops, sinks, faucets, shower heads, toilets, lights, doors, new carpet, refinished hardwood floors, new curtain rods, locks, shut off valves, hot water heater, fire rated doors, storm doors, the list goes on and on! This building also has two massive basements allowing tenant or landlord storage space. The 7th apartment (a walk out studio) has been gutted out. It is currently being used for storage only. The 700-square foot space would have to be built out (or continue to use it as storage space). It does already have a new 100-amp breaker panel in it. The building is across the street from a nice park. Right on the bus line. The city is putting in a new 6-foot wide sidewalk in the next 2 months and replacing the retaining walls out front at no cost. Images of sidewalk schematic are available. The last few images on this posting are to illustrate what the new retaining walls will look like (the gray stonework is from another recent sidewalk project in town). P&L and more information can be provided with proof of funding.