$175,000
$175,000
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2,795 SqFt
SOLD DATE : 06/22/2023
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 2,795 sqft
Price per Sqft $62
Subdivision Town Of Chaffee
MLS Listing ID 23022182
Sold Date 06/22/23
Style Low/1-2
Year Built 1946
Annual Tax Amount $488
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 25x140
Property Sub-Type 5 Family or More
Property Description
INVESTOR ALERT – TOTAL LIST PRICE OF PROPERTY IS $375,000 AND INCLUDES BOTH 116 S. Main (4 UNIT Apartment Building) and 118 S. Main (5 Unit Apt Building) * These are two buildings with separate parcel #s – the adjoin each other * 5 unit apt building at 118 S. Main itself is an Outstanding Value and Great Income Producer – amazing Cap Rate of approx. 13% based on Market Value of $175,000 for 118 S. Main * One Efficiency Apt. - $450 * Three 1BR, 1BA - $475, $425, $425 * One 2BR, 1 BA- $575 * Gross Operating Income: $29,100 * Coin operated laundry on 2nd floor shared with tenants in 116 S. Main * Plus Apt. #4 has w/d hookups * Tenants pay electric * Small garage in rear *
Location
State MO
County Scott
Interior
Heating Electric, Baseboard
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry Other
Exterior
Parking Features true
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Stone Veneer
Schools
Elementary Schools Chaffee Elem.
Middle Schools Chaffee Jr.-Sr. High
High Schools Chaffee Jr.-Sr. High
School District Chaffee R-Ii
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with MarleneABell
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