$350,000

Originally built as Black's Star Pharmacy (uber cool sign still visible!) w/residential upstairs, this 5-unit bldg anchors the corner of W St Catherine & S 7th. Property in good condition with 5 units (one 2BR, three 1BRs of various sizes and one studio w/office area). Roof is under 3 yrs and gutters are sealed with soffits in good repair. Property is heated by a boiler and has 1 water heater. Owner has window units for 4 of the 5 units (one unit belongs to the tenant) and pays gas, water, sewer and common area electric. Electric is separately metered. Owner owns refrigerators & ranges in units/any other appliances are tenant owned. Long term residents; however, rents are low considering that some utilities are paid. Unit #1 recently renovated. On-street parking. Building is well maintained. Rent rolls are attached in "documents". Leases can be provided upon request. Unit #1 is a newer lease/Unit #5 has been re-leased at the same rate and Unit #2 is a newer lease. The 2nd floor units are both MTM. AT LEAST 48 hours to show as tenants must be given written notification and Listing Agent MUST be present for any showings. Single owner/no complex "records" exist. Owner estimates $650 in LGE in Nov/Dec/Jan/Feb/March and about $150 in LGE in April/May/June/July/Aug/Sept/Oct. He says he spends approx $150 per mo in water. His insurance is very low at $1600 per year. He paid $3130.24 in taxes in 2024. Rear 1BR is on 1 yr lease. Balance of units are MTM. Rents are low - there is a positive upside for a new owner to increase substantially.