$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 TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status17SP2GH3A75S
Year1926
Days On Site40

Features

SQ Feet10,000
Story(s)1

Market Activity 65737

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Area Information
StateMO
CountyTaney
CityReeds Spring
Zip Code65737
AreaTaney
Listing VS Median (in 65737)
Price:
$550,000
low | high
Med:
$139,900
100% of Average
SqFt:
10,000
low | high
Med:
0
100% of Average
$ / SqFt:
$55
low | high
Med:
$0
100% of Average
On Site:
40
low | high
Med:
1915
2.088772845953% of Average
Listing Updated: January 15, 2021 8:08:53 PM PST
Carrie Ann Higgs LogoMLS Number: 60179642
Listing Provided By:
Carrie Ann Higgs  of  Branson House Realty
All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Springfield MLS.