, Buffalo, MO 65622 (MLS# 60243558)

Buffalo, MO 65622

$825,000

Property Type: MultiFamily Lot Size (sq. ft.): 108,029 Status: Closed

Current Price: $825,000 List Date: 5/26/2023 Last Modified: 8/01/2023

Overview

Description

Welcome to Ramsey Square! This 15 unit multifamily property is a fantastic opportunity to acquire cash flowing and in-demand rental housing. With a fantastic layout, and tons of common space and yard, these units continue to experience rental rate growth and multiple applications when vacant. Currently all occupied, this property generates ample cash flow at the current asking price, yet still gives a new buyer room for betterment. Almost every unit has had flooring replaced/updated and at every unit turn, the units have received a deep cleaning, paint, and a maintenance check. Unit mix includes 3 one bedroom and 12 two bedroom units. Some units have one car garages, and all units have in-unit washer and dryer hookups. Additionally, all units have central HVAC and tenant paid utilities and trash.

Listing Details MLS# 60243558

Contract Information

Property Sub-Type: Apartment Building
Begin Date: 2023-05-26
Transaction Type: Sale
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell

Location Tax and Other Information

State/Province: MO
Zip Code: 65622
Subdivision: N/A
Real Estate Tax: 6077
Tax Year: 2022
Legal Description: COM NE COR S 1/2 SW SE, S 460', W 250', N 460', E 250', EXCEPT 100' X 140' E SIDE; LOT SIZE: 285' X 340' IRR
Zoning: MF

General Property Description

SqFt Finsh'd & Unfnsh'd: 1800 - 1999
Aprx Year Built: 1999
Total Monthly Rent: 8905
Number of Units: 15
# One Bedroom Units: 3
# Two Bedroom Units: 12
Aprx Lot Size (Acres): 2.48
Lot Dimensions: Acres
Garage/Carport: Yes
Total Garage/Carport Stalls: 6
# Attached Garage Spaces: 6
Elementary School: Buffalo
Middle School: Buffalo
High School: Buffalo
Waterfront/View: None
Lake/River: None
# Detached Garage Spaces: 0
# Detached Carport Spaces: 0

Remarks Misc

Directions: Take 32 East to Buffalo turn right on 65 Hwy. Property is one block of 65 Hwy.

Status Change Info

Under Contract Date: 2023-05-29
Sold Date: 2023-07-31
Price Disclosed: Yes

One Bed Units

One Bed $: Over $350

More Information

Two Bed Units

Two Bed $: Over $450

Location, Tax and Other Information

Inside City Limits: Yes

Cooling

Central: Yes

Heating

Central: Yes

Water

City Water: Yes

Sewer

Public: Yes

Property Features

Cooling: Central Heating: Central Water: City Water Sewer: Public

Listing Office: Keller Williams

Last Updated: August - 01 - 2023

Broker Attribution: klrw369@kw.com

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