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1430 South State Street
St Joseph, MI 49085
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
7 Units <p>Fully occupied asset generating approximately $6,750/month ($81,000 annually) with no lease-up risk.</p><p>Exceeds the 1% rule at current pricing, offering stronger-than-typical returns for a walkable St. Joseph location.</p><p>Positioned near downtown St. Joseph and Lake Michigan, supporting consistent occupancy and long-term rent stability.</p><p>Several units appear under market, creating a clear path to increase income without major capital improvements.</p><p>Separate electric meters in
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547