2900 Mayer Dr, Saint Charles, MO 63301

Looking for steady monthly revenue of $3,500? Are you building a realestate empire and looking for a turn-key operation? Look no further as this beautiful property will give you all of that without the headaches of traditional property management. Completely updated 4 unit condo building with NO HOA or Condominium Association. Fully leased with 100% occupancy since January of 2016 (month renovations were completed). Average lease duration remaining is 12+ months with longest tenant of 4+ years. Most leases are fully transferable 2 year leases. All tenants currently pay monthly via Cash App and are responsible for their own utilities. Too many updates to list them all, but completely new exterior was finished in 2019. Siding, roof, gutters, soffits, fascia were completed late 2018. Privacy fence and new front door in 2019. Building has 2 brand new, top to bottom units consisting of 2 bedroom/1 bathroom 1,100 sq ft. Two remaining units are all new except for kitchen cabinets and appliances. Those units are both 1 bedroom/1 bathroom 1,100 sq foot units. All units contain in unit laundry rooms and accommodate full sized appliances. All units are bringing just below market rent and could be increased upon lease renewal. All appliances to stay including additional appliances purchased currently being stored in owners storage in basement. Each tenant has secured storage in other half of basement. The building has automatic exterior lights and ongoing maintenance contracts that are also fully transferable to new owner. Tenants have all been screened upon initial applications and information can be provided to new owner upon request. Owner pays water and sewer with average cost of $200 bi-monthly. Serious inquiries only. Additionally, owner will provide rent roll and P&L upon request. Maintenance logs, permits, and all additional information will also be provided to serious prospects. You do not want to miss this one and will not find another property like this. Walking distance to Lindenwood University and McNair Park. Amazing family area with no fraternity or campus owned housing near property. (Trust me this makes it much more desirable that other buildings in the area.)