241-285 Terrace Court, Sparta, MO 65753 (MLS# 60185437)

241-285 Terrace Court, Sparta, MO 65753

$1,150,000

Property Type: MultiFamily Lot Size (sq. ft.): 55,321 Status: Closed

Current Price: $1,150,000 List Date: 3/17/2021 Last Modified: 6/01/2021

Overview

Description

Excellent investment property in Sparta, MO! This package includes two sixplex buildings and a fourplex for a total of 16, 2 bedroom 1.5 bath units. Property is in good condition and well maintained with an excellent occupancy rate history. New roof was installed last year on all three buildings. If you are looking for a good investment property don't miss this one.

Listing Details MLS# 60185437

Contract Information

Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2021-03-17
Transaction Type: Sale
Sub Lease: No
Parent/Child: None
Historical District: No
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell

Location Tax and Other Information

Street #: 241-285
Street Name/Route: Terrace
Suffix: Court
County: Christian
State/Province: MO
Zip Code: 65753
Subdivision: Millbrooke Terr
Parcel ID: 12-0.7-26-000-000-010.002
Real Estate Tax: 6172.06
Tax Year: 2020
Legal Description: As per parcel number 12-0.7-26-000-000-010.002; 12-0.7-26-000-000-010.004 and 12-0.7-26-000-000-010.003 in Christian County MO.
Zoning: Multi-Fam
Section: 26
Township: 27

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 2005
Total Monthly Rent: 9225
Number of Units: 16
# Two Bedroom Units: 16
Aprx Lot Size (Acres): 1.27
Lot Dimensions: Acres
Elementary School: Sparta
Middle School: Sparta
High School: Sparta
Waterfront/View: None
Lake/River: None
View: No

Remarks Misc

Directions: From Ozark, MO take Hyw 14 East to Sparta then left on Terrace CT to property on corner.

Status Change Info

Under Contract Date: 2021-03-26
Sold Date: 2021-05-28

Listing Info

Owner Agent: No
Fire District: Sparta

More Information

Two Bed Units

Two Bed $: Over $450

Closing Info

Appraiser Name: Cushman & Wakefield
Lender Name: First State Bank

Location, Tax and Other Information

Inside City Limits: Yes
RE Tax Provided By: Assessor Records

Unit Features

All Units: Yes
Carpet: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Utilities

Electricity: Yes
Gas: Yes
High Speed Internet Access: Yes
Sewer: Yes
Water: Yes

Cooling

Central: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Oven/Range: Yes

Baths

1 1/2 Per Unit: Yes

Heating

Central: Yes
Forced Air: Yes

Miscellaneous

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

Three Buildings: Yes

Streets

Asphalt: Yes

Water

City Water: Yes

Sewer

City Sewer: Yes

Flood Insurance

Not Required: Yes

Type of Tenancy

Monthly: Yes

Yearly Net Oper Inc

Over $25,000: Yes

Deposits

Deposit Required: Yes

Property Features

Unit Features: All Units; Carpet Baths: 1 1/2 Per Unit Appliances: Dishwasher; Microwave; Oven/Range Cooling: Central Heating: Central; Forced Air Buildings: Three Buildings Construction: Brick; Vinyl Siding Roofing Material: Composition Parking: Paved Area Streets: Asphalt Miscellaneous: Smoke Detector Water: City Water Sewer: City Sewer Utilities: Electricity; Gas; High Speed Internet Access; Sewer; Water Flood Insurance: Not Required Type of Tenancy: Monthly Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: 1031 Exchange; Cash; Conventional Deposits: Deposit Required

Listing Office: Murney Associates - Primrose

Last Updated: June - 01 - 2021

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