401 S. West End Blvd., Cape Girardeau, MO for sale

Investment Overview

Flexible live-work opportunity near downtown Cape! 401 S. West End Blvd. is a conveniently located, mixed-use property offering numerous cash flow and/or live-work opportunities just minutes from downtown Cape Girardeau. Zoned NC - Neighborhood Commercial, the ground level (Unit C) is a 2,082 SF space with three separate entrances/exits for flexible multi-tenant commercial lease space, previously rented for $1,000-$1,200 per month. Unit B is a 600 SF, 1 bed, 1 bath residential space that is currently vacant, but has consistently been rented as a short-term rental or Airbnb/VRBO unit at various rates. Unit A is a 1,842 SF, 2-bed, 2-bath unit with loft area that is currently rented by a long-term tenant on a month-to-month basis for $1,150 per month. As a bonus, the first mortgage on this property is an ASSUMABLE, 3.125% loan! With that low of an interest rate and gross possible income exceeding $3000 per month, this is an intriguing investment with a lot of potential upside!

Investment Highlights

• -Mixed-use, multi-tenant property
• -Residential/commercial mix
• -Zoned NC - Neighborhood Commercial
• -4,624 total square feet
• -Gross possible income of $36,000+
• -ASSUMABLE 3.125% loan!
• -Priced at just $274,000