$3,000,000
$2,922,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
14,000 SqFt
SOLD DATE : 09/26/2024
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 14,000 sqft
Price per Sqft $214
MLS Listing ID 24037206
Sold Date 09/26/24
Style Low/1-2
Year Built 1982
Annual Tax Amount $21,937
Lot Size 2.920 Acres
Acres 2.92
Lot Dimensions see tax
Property Sub-Type 5 Family or More
Property Description
Invest in a thriving future with this 36-unit complex, perfectly situated to attract a diverse tenant base. This exceptional property produces steady cash flow and significant appreciation potential. The property has been completely remodeled inside and out. Brand new roof, siding, all the individual rooms have newer HVAC units with remote controls, flooring, paint, plumbing, Electric updated and a brand new solar system installed. There are 36 total units. 35 residential and 1 commercial space currently leased to a chiropractor. Located just off HWY 70 ensuring high occupancy rates and consistent demand. Strong Financials With a history of stable income and low vacancy rates, this complex is a proven performer. Some Accessible Features
Location
State MO
County Montgomery
Area 379 - Montgomery County
Interior
Heating Forced Air, Electric
Cooling Wall Unit(s), Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry Common Area, In Unit
Exterior
Parking Features false
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Montgomery City Elem.
Middle Schools Montgomery Co. Middle
High Schools Montgomery Co. High
School District Montgomery Co. R-Ii
Others
Ownership Private
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with JamesShepherd