241-285 Terrace Court, Sparta, MO 65753 (MLS# 60185437)

$1,150,000

241-285 Terrace Court
Sparta, MO 65753
MLS# 60185437
Status: Closed

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Property Description
Excellent investment property in Sparta, MO! This package includes two sixplex buildings and a fourplex for a total of 16, 2 bedroom 1.5 bath units. Property is in good condition and well maintained with an excellent occupancy rate history. New roof was installed last year on all three buildings. If you are looking for a good investment property don't miss this one.

Details

Maps

Contract Information

Property Sub-Type: Duplex/Triplex/Fourplex

Begin Date: 2021-03-17

Transaction Type: Sale

List Price: $1,150,000

Sub Lease: No

Parent/Child: None

Historical District: No

Foreclosure/Short Sale: No

Agreement Type: Exclusive Right To Sell

Location, Tax and Other Information

Street #: 241-285

Street Name/Route: Terrace

Suffix: Court

County: Christian

State/Province: MO

Zip Code: 65753

Inside City Limits: Yes

Subdivision: Millbrooke Terr

Tax ID: 12-0.7-26-000-000-010.002

Real Estate Tax: 6172.06

Tax Year: 2020

RE Tax Provided By: Assessor Records

Legal Description: As per parcel number 12-0.7-26-000-000-010.002; 12-0.7-26-000-000-010.004 and 12-0.7-26-000-000-010.003 in Christian County MO.

Zoning: Multi-Fam

Section: 26

Township: 27

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more

Aprx Year Built: 2005

Total Monthly Rent: 9225

Number of Units: 16

# Two Bedroom Units: 16

Aprx Lot Size (Acres): 1.27

Lot Dimensions: Acres

Elementary School: Sparta

Middle School: Sparta

High School: Sparta

Waterfront/View: None

Lake/River: None

View: No

Remarks & Misc

Directions: From Ozark, MO take Hyw 14 East to Sparta then left on Terrace CT to property on corner.

Status Change Info

Status: Closed

Under Contract Date: 2021-03-26

Sold Date: 2021-05-28

Listing Info

Owner Agent: No

Commission Buyer Agy: 3

Comm Buyer Ag Type: %

Commission Sub Agy: 3

Commission Sub Agy Type: %

Commission Trans Brkr: 3

Comm Trans Brkr Type: %

Fire District: Sparta

Two Bed Units

Two Bed $: Over $450

Closing Info

Appraiser Name: Cushman & Wakefield

Lender Name: First State Bank

Property Features

Unit Features: All Units; Carpet

Baths: 1 1/2 Per Unit

Appliances: Dishwasher; Microwave; Oven/Range

Cooling: Central

Heating: Central; Forced Air

Buildings: Three Buildings

Construction: Brick; Vinyl Siding

Roofing Material: Composition

Parking: Paved Area

Streets: Asphalt

Miscellaneous: Smoke Detector

Water: City Water

Sewer: City Sewer

Utilities: Electricity; Gas; High Speed Internet Access; Sewer; Water

Flood Insurance: Not Required

Type of Tenancy: Monthly

Yearly Net Oper Inc: Over $25,000

Possession: At Closing

Will Sell: 1031 Exchange; Cash; Conventional

Deposits: Deposit Required

Listing Office: Murney Associates - Primrose

Last Updated: June - 01 - 2021

241-285 Terrace Court, Sparta, MO 65753 - MLS# 60185437

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