Viewing Listing MLS# 60279554
Marshfield, MO 65706
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 8,120SqFt
- 1960Year Built
- 3.84Acres
- MLS# 60279554
- Multifamily
- Duplex/Triplex/Fourplex
- Active
- Approx Time on Market1 month, 5 days
- AreaN/A
- CountyWebster
- Subdivision N/a
Overview
RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%.This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include:- 3.84 +- Acres- 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance)- 3 Buildings (brick, stone, or vinyl siding)- 8,120 +- Rentable Sq Ft between all units- Very close to Highway I-44 (Only 15 minutes to Springfield!)- Window unit air in all units- Baseboard heating in all units- Individually metered for utilities (tenant pays part)- Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating)- A new Well was recently installed, which services all units for water- And more!This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**
Association Fees / Info
Hoa: No
Bathroom Info
Baths: 1 Per Unit
Building Info
Roofing Material: Composition
Year Built: 1,960
Amenities: Central Laundry
Construction: Brick, Stone, Vinyl Siding, Wood Frame
Transaction Type: Sale
Financial
Lease Monthly: 6875.
Type of Tenancy: Lease
Bed Units Price: Over $450
Bedroom Units Price: Over $400
Efficiency Cost: Over $200
One Bed Units Price: Over $350
Yearly Net Oper Inc: Over $25,000
Garage / Parking
Parking: One Per Unit
Interior Features
Appliances: Oven/Range, Refrigerator
Lot Info
Acres: 3.84
Marina Info
Misc
Inside City Limits: No
Other
Deposits: Deposit Required
Foreclosure: No
Property Info
View: No
Buildings: Three Buildings
Zoning: N/A
County: Webster
Property Type: B
View: Mountain, Panoramic, Year Round
Sale / Lease Info
Will Sell: 1031 Exchange,Cash,Conventional
Possession: Subject to Tenant Rt
SqFt Info
Sqft: 8,120
Sqft Finshd Unfnshd: 5000 or more
Tax Info
Tax Year: 2,023
Unit Info
Num Three Bedroom Units: 2.00
Num One Bedroom Units: 4.00
Num Units: 11
Unit Features: Extra Storage, Handicap Accessible, Part Units, Utility Room
Num Two Bedroom Units: 5.00
Utilities / HVAC
Water: Well, Well - Private
Heating: Base Board
Cooling: Ceiling Fans, Window Unit(s)
Sewer: Septic, Septic Tank
Utilities: Electricity, Separate Meters, Sewer, Tenant Pays, Tenant Pays Part, Trash, Water
Waterfront / Water
Lake River: None
Waterfront View: None
Courtesy of listing office Murney Associates - Primrose
MLS# 60279182