340-350 East Aldrich Road, Bolivar, MO 65613 (MLS# 60265426)

340-350 East Aldrich Road, Bolivar, MO 65613

$1,750,000

Property Type: MultiFamily Lot Size (sq. ft.): 82,764 Status: Closed

Current Price: $1,750,000 List Date: 4/10/2024 Last Modified: 3/03/2026

Overview

Description

Rare investment opportunity in Bolivar. 16 unit apartment complex comprised of two buildings with 4 ground floor apartments and 4 second story apartments per building. This property sits conveniently less then 350 feet from Southwest Baptist University. Each unit features 2 bedrooms and 2 bathrooms. Each unit is metered for water and sewer separately and has their own hvac unit. Currently all 16 units are rented. Tenants pay water sewer and trash. There are coin operated washer and dryers located on the property owned by property owner that will transfer to new owner upon purchase. Owner pays for 2 dumpsters that owner pays $180 a month. Laundry room utilities and street lights are paid for by owner at the cost of around $225.

Listing Details MLS# 60265426

Contract Information

Property Sub-Type: Apartment Building
Begin Date: 2024-04-10
Transaction Type: Sale
Sub Lease: No
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell
Sign on Property: Yes

Location Tax and Other Information

Street #: 340-350
Street Direction: East
Street Name/Route: Aldrich
Suffix: Road
County: Polk
State/Province: MO
Zip Code: 65613
Subdivision: N/A
Parcel ID: 1 - 10017 - 4
Real Estate Tax: 6975.28
Tax Year: 2023
Zoning: R4

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 1996
Total Monthly Rent: 14125
Number of Units: 16
# Two Bedroom Units: 16
Aprx Lot Size (Acres): 1.9
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 take Springfield avenue south to Aldrich road. Turn right at the stop light onto Aldrich road. The apartments will be on the left hand side.

Status Change Info

Under Contract Date: 2024-07-16
Sold Date: 2024-08-01
Price Disclosed: Yes

Listing Info

Owner Agent: No

More Information

Two Bed Units

Two Bed $: Over $450
Two Bed SqFt: 751 - 1,000 SqFt

Location, Tax and Other Information

Modifier: 340-350
Inside City Limits: Yes
RE Tax Provided By: Assessor Records

Views

City: Yes

Amenities

Central Laundry: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Utilities

City: Yes

Cooling

Central: Yes
Heat Pump: Yes

Appliances

Dishwasher: Yes
Refrigerator: Yes

Baths

2 Per Unit: Yes

Heating

Central: Yes
Heat Pump: Yes

Parking

Two or More: Yes

Possession

At Closing: Yes

Will Sell

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Buildings

Two Buildings: Yes

Streets

Asphalt: Yes

Water

Public Water Available: Yes

Sewer

Public: Yes

Flood Insurance

Not Required: Yes

Type of Tenancy

Lease: Yes
Monthly: Yes

Yearly Net Oper Inc

Over $25,000: Yes

Deposits

Deposit Required: Yes

Property Features

Amenities: Central Laundry Baths: 2 Per Unit Appliances: Dishwasher; Refrigerator Cooling: Central; Heat Pump Heating: Central; Heat Pump Buildings: Two Buildings Construction: Brick; Vinyl Siding Parking: Two or More Streets: Asphalt Water: Public Water Available Sewer: Public Flood Insurance: Not Required Type of Tenancy: Lease; Monthly Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: 1031 Exchange; Cash; Conventional Deposits: Deposit Required

Documents

Overhead View ›

Listing Office: Neighborhood Real Estate

Last Updated: March - 03 - 2026

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