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1311 Francis St - 1311 Francis 8 Unit Apartment Building Offered at $475,000 at a 9.84% Cap Rate Saint Joseph, MO 64501
INVESTMENT HIGHLIGHTS
- Historic building
- plenty of shared space or options for additional units
- many fireplaces
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$6,000
|
$1.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$6,000
|
$1.13
|
| Taxes |
$804
|
$0.15
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$804
|
$0.15
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.13 |
| Taxes | |
|---|---|
| Annual | $804 |
| Annual Per SF | $0.15 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $804 |
| Annual Per SF | $0.15 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $475,000 | Building Class | B |
| Price Per Unit | $59,375 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 5,302 SF |
| Cap Rate | 9.84% | Average Occupancy | 12% |
| Gross Rent Multiplier | 7.64 | No. Stories | 4 |
| No. Units | 8 | Year Built/Renovated | 1876/2025 |
| Property Type | Multifamily | Parking Ratio | 0.94/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 - Multi-family | ||
| Price | $475,000 |
| Price Per Unit | $59,375 |
| Sale Type | Investment |
| Cap Rate | 9.84% |
| Gross Rent Multiplier | 7.64 |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 5,302 SF |
| Average Occupancy | 12% |
| No. Stories | 4 |
| Year Built/Renovated | 1876/2025 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | R-4 - Multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Double Vanities
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Dining Room
- Handrails
- Island Kitchen
- Patio
- Porch
- Recreation Room
- Smoke Free
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Furnished Units Available
- Gas Range
- Media Center/Movie Theatre
- Smoke Free
- Vintage Building
- Storage Space
- Lounge
- Multi Use Room
- Public Transportation
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 8+4.5 | 8 | $750.00 | - |
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1311 Francis St - 1311 Francis
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