$305,000
$305,000
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0.33 Acres Lot
SOLD DATE : 07/15/2022
Key Details
Sold Price $305,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Stuart Heights
MLS Listing ID 2374714
Sold Date 07/15/22
Year Built 2005
Lot Size 0.326 Acres
Acres 0.32598713
Property Sub-Type Quadruplex
Source hmls
Property Description
Fantastic investment property, excellent condition and great location in the middle of town just blocks from school. Fourplex fully leased on one year agreements. Cash flowing with current rentals of $2,650 per month for an annual net operating income of more than $24,000. All four units are below market rent with potential to generate NOI of more than $30,000. Selling at a current cap rate of 8.2% with the potential to be nearly 10%!
Location
State MO
County Cass
Zoning R1
Interior
Heating Heatpump/Gas
Cooling Electric, Heat Pump
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Water Heaters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public
Structure Type Brick Veneer, Vinyl Siding
Schools
School District Drexel
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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