Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1999
Sq.Footage
33,904
Lebanon Sundance Apartments is a well maintained two building low rise apartment complex located in Lebanon, MO with easy on/off to I-44 and immediate proximity to all local services and amenities. This is an attractive affordable housing community designed to provide affordable rent to moderately low and middle income individuals and families. There is a strong rental demand for these units, hence a low vacancy rate. Property has an onsite Property Manager and office. Landlord pays water, sewer and trash, and, Tenants pay their other utilities. There is an onsite walking trail, picnic area, volley ball court and playground, plus plenty of open space. This is a stable and profitable investment showing a 5.5 cap rate and the ability to increase rents 7% per year. There is a tremendous windfall profit potential in 2028 when property is released from LIHTC program and able to achieve market rents (see LIHTC Program addendum).Shown by appointment only. Sale subject to MHDC approval.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
33904.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Varies by Unit, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stone Veneer, Brick Veneer, Frame, Vinyl Siding
-
Parking
Assigned, Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
4.45
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Low/1-2
Price
-
Sales Price
$1,995,000
-
Tax Amount
$7,043
-
Sq. Footage
33, 904
-
Price/SqFt
$58
HOA
-
Association
No
School District
-
Elementary School
Lebanon RIII
-
Middle School
Lebanon Jr. High
-
High School
Lebanon Sr. High
Property Features
-
Association Amenities
Recreation Facilities
-
Ownership
Private
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Laclede-MO
Elementary School
Lebanon RIII
Middle School
Lebanon Jr. High
High School
Lebanon Sr. High
Listing Courtesy of David Waln , Keller Williams Greater Springfield
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FOUNDER
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