1021-1039 South Lexington, Springfield, MO 65802 (MLS# 60201586)

1021-1039 South Lexington, Springfield, MO 65802

$3,380,000
Property Type: MultiFamily Lot Size (sq. ft.): 167,706 Status: Closed
Current Price: $3,380,000 List Date: 9/22/2021 Last Modified: 12/20/2021

Overview

Description

Multi-family Portfolio: 20 duplexes (40Units) all in the same neighborhood and 1-triplex several blocks to the north. Solid rental history, majority of current rents below market. Well managed and maintained. Central air and heat. 2-B/R & 1-bath. Some units have new windows installed. Each unit has adequate parking. Just east of N. Kansas Expressway and new Jordan Valley Clinic; South of downtown and MSU.Financials Available for Qualified Buyers. Initial walk thru upon accepted Contract to be completed within 4-days after Effective Date of Contract. Termination contingency allowed for unacceptable walk-thru during the 4-days. See documents for additional information.

Listing Details MLS# 60201586

Contract Information

Property Sub-Type
Duplex/Triplex/Fourplex
Begin Date
2021-09-22
Transaction Type
Sale
Foreclosure/Short Sale
No
Agreement Type
Exclusive Right To Sell

Location Tax and Other Information

Street #
1021-1039
Street Direction
South
Street Name/Route
Lexington
County
Greene
State/Province
MO
Zip Code
65802
Subdivision
N/A
Parcel ID
1327102015
Cross Street
Grand
Real Estate Tax
16179
Tax Year
2020
Zoning
R-SF & R-HD

General Property Description

SqFt Finsh'd & Unfnsh'd
5000 or more
Aprx Year Built
1978
Total Monthly Rent
500
Number of Units
43
# Two Bedroom Units
43
Total Room Count Above Grade
43
Aprx Lot Size (Acres)
3.85
Lot Dimensions
Acres
Elementary School
SGF-Portland
Middle School
SGF-Jarrett
High School
SGF-Parkview
Waterfront/View
None
Lake/River
None
View
Yes

Remarks Misc

Directions
Duplexes: Between S. Campbell and S. Kansas Expressway;turn west off E Grand. Triplex: East Grand then turn south on S. Broadway

Status Change Info

Under Contract Date
2021-10-06
Sold Date
2021-12-20
Price Disclosed
No

Two Bed Units

Two Bed $
Over $450

More Information

Location, Tax and Other Information

Building #
21
Inside City Limits
Yes

How to Show

Call Listing Agent
Yes

Views

City
Yes

Unit Features

Carpet
Yes
Washer/Dryer Hookup
Yes

Construction

Brick
Yes
Vinyl Siding
Yes

Utilities

Electricity
Yes
Gas
Yes
Separate Meters
Yes
Sewer
Yes
Tenant Pays
Yes

Cooling

Ceiling Fans
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Oven/Range
Yes
Refrigerator
Yes

Baths

1 Per Unit
Yes

Heating

Central
Yes

Roofing Material

Composition
Yes

Will Sell

Conventional
Yes

Buildings

Four or More Buildings
Yes
One Story
Yes

Streets

Asphalt
Yes
Concrete
Yes

Water

City Water
Yes

Sewer

City Sewer
Yes

Type of Tenancy

Lease
Yes
Other
Yes

Yearly Net Oper Inc

Over $25,000
Yes

Property Features

How to Show: Call Listing Agent Unit Features: Carpet; Washer/Dryer Hookup Baths: 1 Per Unit Appliances: Dishwasher; Disposal; Oven/Range; Refrigerator Cooling: Ceiling Fans Heating: Central Buildings: Four or More Buildings; One Story Construction: Brick; Vinyl Siding Roofing Material: Composition Streets: Asphalt; Concrete Water: City Water Sewer: City Sewer Utilities: Electricity; Gas; Separate Meters; Sewer; Tenant Pays Type of Tenancy: Lease; Other Yearly Net Oper Inc: Over $25,000 Will Sell: Conventional
IDX
Listing Office: Reece Commercial
Last Updated: December - 20 - 2021
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