23 W Laurel Street Beautiful Victorian-style home thoughtfully converted into four separate apartments, blending timeless old-world charm with modern updates. Located in the heart of Millstadt and within walking distance to local restaurants and shops, this property offers both strong cash flow and long-term appreciation potential. Income-Producing Details: - Gross Monthly Income: $3, 625 - Monthly Expenses: $1, 212 - Net Monthly Income: $2, 413 - Additional Income Potential: 2-car garage rentable for approx. $100-$150/month - Nearly a 8.0% cap rate exceeding the typical cap rate of 6-7.25% in our area Unit Breakdown: - Three (3) units: 1 bedroom, 1 bath - One (1) unit: 2 bedrooms, 1 bath Property Highlights: - Hardwood or luxury vinyl plank flooring throughout - Updated kitchens with new cabinetry - Updated bathrooms - Separate electric meters for each unit - Refrigerators and electric range/oven included in all apartments - Roof on main house less than 10 years old - New siding (2016) - New roof on garage (2026) This well-maintained property offers immediate income with upside potential through garage rental and future rent adjustments. Strong curb appeal, historic character, and a prime in-town location make this a standout addition to any investment portfolio. A minimum of 24 hour notice required. Preappproval or proof of funds must be provided to listing agent before viewing.