96 Wellspring Drive, Reeds Spring, MO 65737 (MLS# 60090622)

96 Wellspring Drive, Reeds Spring, MO 65737

$1,350,000

Property Type: MultiFamily Lot Size (sq. ft.): 87,120 Status: Closed

Current Price: $1,350,000 List Date: 9/21/2017 Last Modified: 12/17/2019

Overview

Description

Apartment Complex with 1-5 Plex,4 -4 Plexes and 3 duplexes all on one street with possibly room for one more building to complete the street. Duplexes are 3 bed 2 bath. In newer subdivision with Hwy access, storage units near by and shopping minutes away. 1 efficiency apt, ten 1 bedrooms, ten 2 bedrooms, six 3 bedrooms and commercial laundry. Covered stairway and laundry hookups in all units. Long term renters with good books. Parking in front and to the side of buildings with over 2 spaces per unit. Well managed and maintained. Buildings built in 2002, 2003, 2006, 2007, 2008 and 2009. 2016 occupancy rate of 95.2% and CAP Rate of 8.1%. All buyers must show proof of funds or letter of credit before financials are provided and showings scheduled by appointment. Do not talk with tenants.

Listing Details MLS# 60090622

Contract Information

Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2017-09-21
Transaction Type: Sale
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell

Location Tax and Other Information

Street #: 96
Street Name/Route: Wellspring Drive
County: Stone
State/Province: MO
Zip Code: 65737
Subdivision: Barrington Oaks
Parcel ID: 08-7.0-35-004-009-014.001
Real Estate Tax: 11068
Tax Year: 2016
Legal Description: Lot 4, Phase 2 Barrington Oaks, City of Reeds Spring, Missouri.
Zoning: Multi-family
Section: 35
Township: 24

General Property Description

SqFt-Aprx: 24276
SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 2002
Total Monthly Rent: 13670
Number of Units: 27
# Efficiency Units: Yes
# One Bedroom Units: 10
# Two Bedroom Units: 10
# Three Bedroom Units: 6
Aprx Lot Size (Acres): 2
Lot Dimensions: Acres
Elementary School: Reeds Spring
Middle School: Reeds Spring
High School: Reeds Spring
Waterfront/View: None
Lake/River: None

Remarks Misc

Directions: Hwy 76 West from Reeds Spring to Wolves Street to left into Wellspring Drive.

Status Change Info

Under Contract Date: 2017-10-13
Sold Date: 2017-12-08
Price Disclosed: Yes

Efficiency

Efficiency $: Over $200

More Information

One Bed Units

One Bed $: Over $350

Two Bed Units

Two Bed $: Over $450

Three Bedroom Units

Three Bed $: Over $400

Location, Tax and Other Information

Inside City Limits: Yes

How to Show

Call Listing Agent: Yes

Unit Features

Carpet: Yes
Extra Storage: Yes
Patio/Balcony: Yes
Washer/Dryer Hookup: Yes

Amenities

Central Laundry: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Utilities

City: Yes
Electricity: Yes
High Speed Internet Access: Yes
Sewer: Yes
Trash: Yes

Cooling

Ceiling Fans: Yes
Central: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Oven/Range: Yes
Refrigerator: Yes

Baths

1 Per Unit: Yes
2 Per Unit: Yes

Heating

Central: Yes
Forced Air: Yes
Heat Pump: Yes

Miscellaneous

Smoke Detector: Yes

Parking

Two or More: Yes
Paved Area: Yes

Roofing Material

Composition: Yes

Possession

At Closing: Yes

Will Sell

Cash: Yes
Conventional: Yes

Buildings

Four or More Buildings: Yes
One Story: Yes
Two Stories: Yes

Streets

Asphalt: Yes

Water

City Water: Yes

Sewer

City Sewer: Yes

Flood Insurance

Not Required: Yes

Documents Available

Disclosure: Yes
Financial Records: Yes

Type of Tenancy

Lease: Yes

Yearly Net Oper Inc

Over $25,000: Yes

Deposits

Deposit Required: Yes

Property Features

How to Show: Call Listing Agent Unit Features: Carpet; Extra Storage; Patio/Balcony; Washer/Dryer Hookup Amenities: Central Laundry Baths: 1 Per Unit; 2 Per Unit Appliances: Dishwasher; Disposal; Oven/Range; Refrigerator Cooling: Ceiling Fans; Central Heating: Central; Forced Air; Heat Pump Buildings: Four or More Buildings; One Story; Two Stories Construction: Brick; Vinyl Siding Roofing Material: Composition Parking: Two or More; Paved Area Streets: Asphalt Miscellaneous: Smoke Detector Water: City Water Sewer: City Sewer Utilities: Electricity; High Speed Internet Access; Sewer; Trash Flood Insurance: Not Required Documents Available: Financial Records; Disclosure Type of Tenancy: Lease Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: Cash; Conventional Deposits: Deposit Required

Listing Office: RE/MAX Associated Brokers Inc.

Last Updated: December - 17 - 2019

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