Remarks

Great investment property or 1031 Exchange Replacement property in the heart of Downtown revitalization. This historic building was completely restored into a mixed use - main floor event space (The Metropolitan) and 12 market rate lofts (4 per floor on the 2nd, 3rd & 4th floor). There are 3 one bedroom, one bath units, 6 two bedroom, 1.5 bath plus bonus room, office, and 3 two bedroom, 1.5 bath 6th St. view units. Rents range $995/mo-$1,100 plus tenant pays electric. One furnished unit $1,750/mo with electric included. Water & trash included in the rent. Each loft has stainless steel appliances (stove, refrigerator, dishwasher & microwave) & high ceilings. Engineered wood floors. Each floor has coin operated washer & dryer. The private lot next to the building comes with 107 S. 6th & provides one reserved parking space per loft. There is also a free City parking lot across the street as well as on street parking. The building has a private key pass passenger elevator for tenants as well as a freight elevator in the back as well as convenient alley access for moving. Full, dry basement for storage & each loft has a 8x10 storage cage available. Large sun deck off of the 3rd floor provides residents with outdoor space. Surrounded by restaurants, retail shops, coffee, bars, Missouri Theater 2 blocks away, Coleman Hawkins Park a block away, government buildings & professional office space.
There is also an on site office for the building owner.

Details

MLS#: 2387492
Price: $2,499,000

Style: Other
Year Built: 1892

County: Buchanan
Tax Fee: 17497