624 SCHOOL STREET

4 side brick duplex in Jefferson City. Lower unit is a 1 bedroom, 1 bath and is vacant. Upstairs unit is a 2 bedroom, 1 bath and is leased for $850. Upstairs unit has the possibility of adding an additional bedroom and bathroom on third floor. Plumbing for the bathroom is ran upstairs. Laundry hookups in both units. Tenants pay electric and gas. Landlord pays water, sewer, trash, insurance, taxes, and grounds care. Many updates have been done and property has been well maintained. The property is located in a flood zone; however, the seller has an existing transferable flood insurance policy providing $175,000 in coverage that can be assigned to the buyer without any changes to the policy. The policy is in effect through June 17, 2027, with an annual premium of just $1,110--an excellent opportunity to benefit from an established policy and avoid the uncertainty of obtaining a new one at current market rates. This would be a great opportunity as a short term rental, many options for those that work downtown or at the Capitol, owner occupy and let the other unit help pay your mortgage, or simply as an investment.