$558,000

22140 East Main Street

Reeds Spring MO, 65737

Description

Great investment opprotunity! This 13 unit apartment building was recently remodeled and restored through out into 7 modern studio apartments, 5 two bedroom units and 1 three bedroom apartment with a large balcony, PLUS a 2 car garage and a 1 car garage. This building is making excellent income at a cape rate of 11%, with all tenants on 1 yr leases. Very low expences and good rental history. One unit is currently being remodeled, all other units are full. Current landlord is offering to lease back 2 units paid in full at closing, also willing to negotiate property management for the 1st year if needed.

Details

MLS#60156691
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1926
Days On Site114

Features

Units13
Building(s)1

Market Activity 65737

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Area Information

StateMO
CityReeds Spring
Zip Code65737
Listing VS Median (in 65737)
Price:
$558,000
low | high
Med:
$125,000
100% of Average
On Site:
114
low | high
Med:
222
51.351351351351% of Average
Listing Updated: 05/29/2020
MLS Number: 60156691
Listing Provided By:
Carrie Ann Higgs  of  Branson House Realty
All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Springfield MLS. 
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