321 345 West Walnut South Pike, Bolivar, MO 65613 (MLS# 60237389)

321 345 West Walnut South Pike, Bolivar, MO 65613

$2,000,000

Property Type: MultiFamily Lot Size (sq. ft.): 53,579 Status: Closed

Current Price: $2,000,000 List Date: 3/01/2023 Last Modified: 12/05/2023

Overview

Description

Great investment opportunity! The apartment complex has 28 units. 24 1 bedroom 1 bathroom units and 4 2 bed 1 bathroom units. Currently 19 are rented out and a 20th is being remodeled and already has a tenant lined up. There are three different buildings. Two of the buildings house 10 apartments each and the other houses 8. The building with 8 needs to be remodeled and is currently down to the studs. When those get remodeled that will be another great added revenue stream. The complex has an on site coin operated laundry room with several washers and dryers. The current rental income is 16875 per month that will increase when the 20th unit is rented. Call for your private tour of this amazing investment opportunity today

Listing Details MLS# 60237389

Contract Information

Property Sub-Type: Apartment Building
Begin Date: 2023-03-01
Transaction Type: Sale
Sub Lease: No
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell

Location Tax and Other Information

Street #: 321 345
Street Name/Route: West Walnut South Pike
County: Polk
State/Province: MO
Zip Code: 65613
Subdivision: N/A
Parcel ID: 110111001001001001
Real Estate Tax: 5676
Tax Year: 2022
Zoning: multi family
Section: 11
Township: 33

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 1985
Total Monthly Rent: 16875
Number of Units: 28
# One Bedroom Units: 24
# Two Bedroom Units: 4
Aprx Lot Size (Acres): 1.23
Lot Dimensions: Acres
Elementary School: Bolivar
Middle School: Bolivar
High School: Bolivar
Waterfront/View: None
Lake/River: None

Remarks Misc

Directions: From the Bolivar square head south on Main avenue. Turn right (west) onto Walnut street. Property will be on your right hand side.

Status Change Info

Under Contract Date: 2023-03-15
Sold Date: 2023-07-13
Price Disclosed: Yes

Listing Info

Owner Agent: No
Fire District: city of Bolivar

More Information

One Bed Units

One Bed $: Over $350

Two Bed Units

Two Bed $: Over $450

Location, Tax and Other Information

Inside City Limits: Yes
RE Tax Provided By: Owner

Views

City: Yes

Unit Features

Furnished: Yes

Amenities

Central Laundry: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Cooling

Window Unit(s): Yes

Appliances

Oven/Range: Yes
Refrigerator: Yes

Baths

1 Per Unit: Yes

Heating

Base Board: Yes

Possession

At Closing: Yes

Will Sell

1031 Exchange: Yes
Cash: Yes

Buildings

Three Buildings: Yes

Streets

Asphalt: Yes

Water

Public Water Available: Yes

Sewer

Public: Yes

Flood Insurance

Not Required: Yes

Type of Tenancy

Lease: Yes

Yearly Net Oper Inc

Over $25,000: Yes

Property Features

Unit Features: Furnished Amenities: Central Laundry Baths: 1 Per Unit Appliances: Oven/Range; Refrigerator Cooling: Window Unit(s) Heating: Base Board Buildings: Three Buildings Construction: Brick; Vinyl Siding Streets: Asphalt Water: Public Water Available Sewer: Public Flood Insurance: Not Required Type of Tenancy: Lease Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: 1031 Exchange; Cash

Listing Office: Partin Real Estate

Last Updated: December - 05 - 2023

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