Est. 1900: BACK ON MARKET because buyer couldn't get loan! NO RESIDENTIAL LOANS - buyer must be cash or preapproved for mixed use or investment loan. Investor opportunity in St. Charles City's Frenchtown business district. Frenchtown poised to increase in value with city's new revitalization focus for the neighborhood. 1st floor rented as art studio $600/mon, month to month with tenant who will sign a lease and stay but could also vacant. Building could bring in $1400 today, or $1500/month with limited updates. Mixed use, main floor is commercial, currently 3 room art studio with half bath plus room with water for future sink or laundry. 2nd floor 1 bedroom/1 bath apartment. Basement access from both units. Alley parking pad for 4, backyard shed for storage, covered front porch. Building next door just purchased - will be renovated into 6 rental units. Most of this lot is located in the 500 year flood plain but owner does not pay FEMA insur. SELLER TO MAKE NO REPAIRS, SELLING AS-IS.
Historic/Period Mlwk, Vaulted Ceiling
2 Window/Wall, Central-Electric
Partial Fencing, Sidewalks, Level Lot, Streetlights, Wood Fence
Information from Third Parties, Deemed Reliable but Not Verified.
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