Property Attributes
- MLS#2481374
- TypeMulti-Family
- CountyBENTON
- CityWarsaw
- Area222 - Benton County
- Zip65355
- Style
- Year Built1945
- Taxes$ 7768
- Price$ 1,350,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.25 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
Excellent investment opportunity for 21 apartment units in the heart of the Ozarks, Warsaw, Missouri. Offering a great unit mix of 1, 2, and 3 bedroom units, as well as 4 convenient storage units on a spacious 1 ¼ acre lot. The units boast a strong rental history, with high demand leading to swift lease up and sustained occupancy. All units are on city utilities, and 14 of the 21 units are separately metered for electricity with tenants paying in their names. 7 units are on one meter with landlord paying electricity for those, landlord pays water for all but 1 unit. There is fantastic value add opportunity, with multiple units under market rent, as well as on site coin laundry room that is currently not being utilized. Or monthly utility fees to help offset utility expenses. A significant portion of the units have been recently renovated, offering upgraded paint, vinyl plank flooring, mini split systems, decking, and more. This prime location presents an attractive opportunity to expand your portfolio in a desirable market. Note: all units are currently occupied, and showing requires an executed LOI or Purchase and Sale Agreement. All units can be viewed/ inspected during diligence period. Site visits are encouraged, please do not disturb tenants.
Price History | |
---|---|
4/4/2024 | Listed $1,350,000 |
General Features
Sewer | City/Public |
---|---|
Heating | Other |
Cooling | Other |
Utilities | Ind Heat And Air,Other,Separate Meters |
Roof | Metal |
Zoning | R-3 |
Construction Materials | Block,Vinyl Siding |
Year Built | 1945 |
Property SubType | Apartment |
Assoc Fee Paid Per | None |
County | Benton |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | None |
Garage Y/N | No |
Status | Active |
Directions | Corner of W. Jackson & Bolivar. Warsaw,MO |
City | Warsaw |
High School District | Warsaw |
Total Units | 21 |
MLS Area | 222 - Benton County |
Lot Size Square Feet | 54450 |
Street Name | Jackson |
Listing Terms | Cash,Conventional |
Public Remarks | Excellent investment opportunity for 21 apartment units in the heart of the Ozarks,Warsaw,Missouri. Offering a great unit mix of 1,2,and 3 bedroom units,as well as 4 convenient storage units on a spa |
Standard Status | Active |
In Flood Plain | No |
HMS_MaintenanceProvidedYN | Yes |
Interior Features
Total Stories | 2 |
---|---|
Basement (Y/N) | Yes |
Air Conditioning Y/N | No |
Street Suffix | Street |
Unit Type | 1 Bedroom,2 Bedroom,3 Bedroom |
Exterior Features
Parking Features | Off Street |
---|---|
Water Source | Public |
Lot Size Area | 1.25 |
Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool