61 School St, Bonne Terre, MO 63628
4,000 SF Specialty Building Offered at $351,000 at a 11.23% Cap Rate in Bonne Terre, MO 63628
For Sale
Active
Asking Price $351,000
- Property Type
-
Specialty
- Square Feet
- 4,000 SF
- Price / Square Foot
- $88
Listing Contacts
Property Overview
Built 1988
61 E School St, Bonne Terre, MO 63628 is 21 self Storage Units. ?
Current $44,301,60 gross with NOI annually of an estimated $39,401.60. If only 90% collected. On storage building.
Current cap rate of 10.79%. The units are currently 33% lower cost than the majority of units in St Francois county and less than all units in St Francois county. The lot is paved with police patrol regularly due to bank across the street and church next door.
Second building is now included. This structure has a one bedroom apartment in rear that is air b n b. It brings in approx. $1000 per month. The office in front is an estimated 260 sq. ft. Two rooms. 63 E School St, Bonne Terre, MO 63628
The total lot with two buildings and parking lot is just over 100 ft x 125 ft
61 E School St, Bonne Terre, MO 63628 is 21 self Storage Units. ?
Current $44,301,60 gross with NOI annually of an estimated $39,401.60. If only 90% collected. On storage building.
Current cap rate of 10.79%. The units are currently 33% lower cost than the majority of units in St Francois county and less than all units in St Francois county. The lot is paved with police patrol regularly due to bank across the street and church next door.
Second building is now included. This structure has a one bedroom apartment in rear that is air b n b. It brings in approx. $1000 per month. The office in front is an estimated 260 sq. ft. Two rooms. 63 E School St, Bonne Terre, MO 63628
The total lot with two buildings and parking lot is just over 100 ft x 125 ft
Property Details
- Class
- B
- Year Built/Renovated
- 1988/2018
- Stories
- 1
- Property Subtype
- Self-Storage, Parking
- Lot Size (sq. ft)
- 14,375 SF
Highlights
- New metal roof 2010.
- Road frontage for conversion to office .
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