$1,350,000
Reeds Spring, MO 65737
MLS# 60090622
Status: Closed
1 / 27
Property Description
Apartment Complex with 1-5 Plex,4 -4 Plexes and 3 duplexes all on one street with possibly room for one more building to complete the street. Duplexes are 3 bed 2 bath. In newer subdivision with Hwy access, storage units near by and shopping minutes away. 1 efficiency apt, ten 1 bedrooms, ten 2 bedrooms, six 3 bedrooms and commercial laundry. Covered stairway and laundry hookups in all units. Long term renters with good books. Parking in front and to the side of buildings with over 2 spaces per unit. Well managed and maintained. Buildings built in 2002, 2003, 2006, 2007, 2008 and 2009. 2016 occupancy rate of 95.2% and CAP Rate of 8.1%. All buyers must show proof of funds or letter of credit before financials are provided and showings scheduled by appointment. Do not talk with tenants.
Details
Maps
Contract Information
Transaction Type: Sale
Foreclosure/Short Sale: No
Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2017-09-21
List Price: $1,350,000
Agreement Type: Exclusive Right To Sell
Location, Tax and Other Information
Inside City Limits: Yes
General Property Description
SqFt-Aprx: 24276
SqFt Finsh'd & Unfnsh'd: 5000 or more
Total Monthly Rent: 13670
# Efficiency Units: 1
# One Bedroom Units: 10
# Two Bedroom Units: 10
# Three Bedroom Units: 6
Waterfront/View: None
Lake/River: None
Aprx Year Built: 2002
Number of Units: 27
Aprx Lot Size (Acres): 2
Lot Dimensions: Acres
Elementary School: Reeds Spring
Middle School: Reeds Spring
High School: Reeds Spring
Status Change Info
Price Disclosed: Yes
Status: Closed
Under Contract Date: 2017-10-13
Sold Date: 2017-12-08
How to Show
Call Listing Agent: 1
Unit Features
Carpet: 1
Extra Storage: 1
Patio/Balcony: 1
Washer/Dryer Hookup: 1
Amenities
Central Laundry: 1
Efficiency
Efficiency $: Over $200
One Bed Units
One Bed $: Over $350
Construction
Brick: 1
Vinyl Siding: 1
Two Bed Units
Two Bed $: Over $450
Utilities
City: 1
Electricity: 1
High Speed Internet Access: 1
Sewer: 1
Trash: 1
Cooling
Ceiling Fans: 1
Central: 1
Three Bedroom Units
Three Bed $: Over $400
Appliances
Dishwasher: 1
Disposal: 1
Oven/Range: 1
Refrigerator: 1
Baths
1 Per Unit: 1
2 Per Unit: 1
Heating
Central: 1
Forced Air: 1
Heat Pump: 1
Miscellaneous
Smoke Detector: 1
Parking
Two or More: 1
Paved Area: 1
Roofing Material
Composition: 1
Possession
At Closing: 1
Will Sell
Cash: 1
Conventional: 1
Buildings
Four or More Buildings: 1
One Story: 1
Two Stories: 1
Streets
Asphalt: 1
Water
City Water: 1
Sewer
City Sewer: 1
Flood Insurance
Not Required: 1
Documents Available
Disclosure: 1
Financial Records: 1
Type of Tenancy
Lease: 1
Yearly Net Oper Inc
Over $25,000: 1
Deposits
Deposit Required: 1
Location Tax and Other Information
Street #: 96
Street Name/Route: Wellspring Drive
County: Stone
State/Province: MO
Zip Code: 65737
Subdivision: Barrington Oaks
Parcel ID: 08-7.0-35-004-009-014.001
Real Estate Tax: 11068
Tax Year: 2016
Legal Description: Lot 4, Phase 2 Barrington Oaks, City of Reeds Spring, Missouri.
Zoning: Multi-family
Section: 35
Township: 24
Remarks Misc
Directions: Hwy 76 West from Reeds Spring to Wolves Street to left into Wellspring Drive.
Property Features
How to Show: Call Listing Agent
Unit Features: Carpet; Extra Storage; Patio/Balcony; Washer/Dryer Hookup
Amenities: Central Laundry
Baths: 1 Per Unit; 2 Per Unit
Appliances: Dishwasher; Disposal; Oven/Range; Refrigerator
Cooling: Ceiling Fans; Central
Heating: Central; Forced Air; Heat Pump
Buildings: Four or More Buildings; One Story; Two Stories
Construction: Brick; Vinyl Siding
Roofing Material: Composition
Parking: Two or More; Paved Area
Streets: Asphalt
Miscellaneous: Smoke Detector
Water: City Water
Sewer: City Sewer
Utilities: Electricity; High Speed Internet Access; Sewer; Trash
Flood Insurance: Not Required
Documents Available: Financial Records; Disclosure
Type of Tenancy: Lease
Yearly Net Oper Inc: Over $25,000
Possession: At Closing
Will Sell: Cash; Conventional
Deposits: Deposit Required
Listing Office: RE/MAX Associated Brokers Inc.
Last Updated: December - 17 - 2019
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