$550,000
22140 East Main,
Reeds Spring MO, 65737
Description
Back on the market with more updates and a lower price! This 13 unit apartment building was recently remodeled and restored through out into 7 modern studio apartments, 5 two bedroom units and 1 three bedroom apartment with a large balcony, PLUS a 2 car garage and a 1 car garage. This building is making excellent income at a cape rate of 11%, with all tenants on 1 yr leases. Very low expences and good rental history. One unit is left to remodel, all others are updated and rented. Rental manager charges half of first month and 10%
Details
| MLS# | 60179642 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | 17SP2GH3A75S |
| Year | 1926 |
| Days On Site | 45 |
Features
| SQ Feet | 10,000 |
|---|---|
| Story(s) | 1 |
Market Activity 65737
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| Area Information | |
|---|---|
| State | MO |
| County | Taney |
| City | Reeds Spring |
| Zip Code | 65737 |
| Area | Taney |
| Listing VS Median (in 65737) | |
Price: $550,000 low | high Med: $139,000 SqFt: 10,000 low | high Med: 1,250 $ / SqFt: $55 low | high Med: $111 On Site: 45 low | high Med: 371 | |
Listing Updated: January 21, 2021 8:08:14 PM PST
MLS Number: 60179642Listing Provided By:
Carrie Ann Higgs of Branson House Realty