340-350 East Aldrich Road, Bolivar, MO 65613 (MLS# 60265426)


$1,750,000
340-350 East Aldrich Road
Bolivar, MO 65613
MLS# 60265426
Status: Closed



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Property Description
Rare investment opportunity in Bolivar. 16 unit apartment complex comprised of two buildings with 4 ground floor apartments and 4 second story apartments per building. This property sits conveniently less then 350 feet from Southwest Baptist University. Each unit features 2 bedrooms and 2 bathrooms. Each unit is metered for water and sewer separately and has their own hvac unit. Currently all 16 units are rented. Tenants pay water sewer and trash. There are coin operated washer and dryers located on the property owned by property owner that will transfer to new owner upon purchase. Owner pays for 2 dumpsters that owner pays $180 a month. Laundry room utilities and street lights are paid for by owner at the cost of around $225.

Details
Maps
Documents
Contract Information
Property Sub-Type: Apartment Building
Begin Date: 2024-04-10
Transaction Type: Sale
List Price: $1,750,000
Sub Lease: No
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell
Sign on Property: 1
General Property Description
SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 1996
Total Monthly Rent: 14125
Number of Units: 16
# Two Bedroom Units: 16
Aprx Lot Size (Acres): 1.9
Lot Dimensions: Acres
Elementary School: Bolivar
Middle School: Bolivar
High School: Bolivar
Waterfront/View: None
Lake/River: None
Status Change Info
Status: Closed
Under Contract Date: 2024-07-16
Sold Date: 2024-08-01
Price Disclosed: Yes
Listing Info
Owner Agent: No
Two Bed Units
Two Bed $: Over $450
Two Bed SqFt: 751 - 1,000 SqFt
Location Tax and Other Information
Street #: 340-350
Street Direction: East
Street Name/Route: Aldrich
Suffix: Road
County: Polk
State/Province: MO
Zip Code: 65613
Subdivision: N/A
Parcel ID: 1 - 10017 - 4
Real Estate Tax: 6975.28
Tax Year: 2023
Zoning: R4
Remarks Misc
Directions: From the Bolivar square take Springfield avenue south to Aldrich road. Turn right at the stop light onto Aldrich road. The apartments will be on the left hand side.
Property Features
Amenities: Central Laundry
Baths: 2 Per Unit
Appliances: Dishwasher; Refrigerator
Cooling: Central; Heat Pump
Heating: Central; Heat Pump
Buildings: Two Buildings
Construction: Brick; Vinyl Siding
Parking: Two or More
Streets: Asphalt
Water: Public Water Available
Sewer: Public
Flood Insurance: Not Required
Type of Tenancy: Lease; Monthly
Yearly Net Oper Inc: Over $25,000
Possession: At Closing
Will Sell: 1031 Exchange; Cash; Conventional
Deposits: Deposit Required

IDX
Listing Office: Neighborhood Real Estate

Last Updated: March - 03 - 2026

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