1009 Stephens Street, Ava, MO 65608 (MLS# 60121410)

1009 Stephens Street, Ava, MO 65608

$790,000

Property Type: MultiFamily Lot Size (sq. ft.): 74,052 Status: Closed

Current Price: $790,000 List Date: 10/14/2018 Last Modified: 12/17/2019

Overview

Description

Senior Housing Apartment Complex with 24 units for sale. All units are ground level entry with 1 bedroom, 1 full bathroom including walk-in showers with appliances provided. Common areas outdoor and indoor with laundry area also. Apartments have been updated with kitchen cabinets, flooring, appliances and bathroom vanities. GREAT INVESTMENT OPPORTUNITY with cap rate of 11% reflected on current appraisal with a 95% occupancy rate.

Listing Details MLS# 60121410

Contract Information

Property Sub-Type: Apartment Building
Begin Date: 2018-10-09
Transaction Type: Sale
Parent/Child: None
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell

Location Tax and Other Information

Street #: 1009
Street Name/Route: Stephens
Suffix: Street
County: Douglas
State/Province: MO
Zip Code: 65608
Subdivision: Douglas-Not in List
Parcel ID: 11-0.1-11-001-020-001.000
Cross Street: SHELTON
Real Estate Tax: 4502
Tax Year: 2017
Legal Description: Deed to Govern
Zoning: Multi Family
Section: 11
Township: 26

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 1980
Total Monthly Rent: 13464
Number of Units: 24
# One Bedroom Units: 24
Aprx Lot Size (Acres): 1.7
Lot Dimensions: Acres
Elementary School: Ava
Middle School: Ava
High School: Ava
Waterfront/View: None
Lake/River: None

Remarks Misc

Directions: Located on the corner or Shelton and Stephens.

Status Change Info

Under Contract Date: 2018-10-26
Sold Date: 2019-07-26

One Bed Units

One Bed $: Over $350

More Information

Location, Tax and Other Information

Inside City Limits: Yes

How to Show

Call Listing Agent: Yes

Unit Features

All Units: Yes
Carpet: Yes
Handicap Accessible: Yes
Patio/Balcony: Yes

Amenities

Central Laundry: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Utilities

City: Yes
Electricity: Yes
Master Meter: Yes
Separate Meters: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Cooling

Central: Yes

Appliances

Disposal: Yes
Oven/Range: Yes
Refrigerator: Yes

Baths

1 Per Unit: Yes

Heating

Central: Yes
Forced Air: Yes

Miscellaneous

Resident Manager: Yes
Smoke Detector: Yes

Parking

Paved Area: Yes

Roofing Material

Composition: Yes

Possession

At Closing: Yes

Will Sell

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Buildings

Two Buildings: Yes

Streets

Asphalt: Yes

Water

City Water: Yes

Sewer

City Sewer: Yes

Flood Insurance

Not Required: Yes

Documents Available

Appraisal: Yes
Financial Records: Yes
Fixtures List: Yes

Type of Tenancy

Lease: Yes

Property Features

How to Show: Call Listing Agent Unit Features: All Units; Carpet; Handicap Accessible; Patio/Balcony Amenities: Central Laundry Baths: 1 Per Unit Appliances: Disposal; Oven/Range; Refrigerator Cooling: Central Heating: Central; Forced Air Buildings: Two Buildings Construction: Brick; Vinyl Siding Roofing Material: Composition Parking: Paved Area Streets: Asphalt Miscellaneous: Resident Manager; Smoke Detector Water: City Water Sewer: City Sewer Utilities: Electricity; Master Meter; Separate Meters; Sewer; Trash; Water Flood Insurance: Not Required Documents Available: Appraisal; Financial Records; Fixtures List Type of Tenancy: Lease Possession: At Closing Will Sell: 1031 Exchange; Cash; Conventional

Listing Office: RE/MAX Farm and Home

Last Updated: December - 17 - 2019

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