Property Description

Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential.Income-Producing Details: Gross Monthly Income: $3,625 Monthly Expenses: $1,212 Net Monthly Income: $2,413 Additional Income Potential: 2-car garage rentable for approx. $100-$150/month Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our areaUnit Breakdown: Three (3) units: 1 bedroom, 1 bath One (1) unit: 2 bedrooms, 1 bathProperty Highlights: Hardwood or luxury vinyl plank flooring throughout Updated kitchens with new cabinetry Updated bathrooms Separate electric meters for each unit Refrigerators and electric range/oven included in all apartments Roof on main house less than 10 years old New siding (2016) New roof on garage (2026)This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio.A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.

Property Features

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