Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1968
Sq.Footage
15,564
H2208 - Sullivan's largest multi-family complex, the Garden Apartments, is finally on the market and looking for a new Owner. This 2 building complex houses 14 - 2 bedroom units (2 are currently being used for storage and are not rented or renovated), and 9 - 3 bedroom units. As per the attached pictures, many units have recently been extensively renovated. All units have newer Trane electric furnaces and central air as well as low E windows. Both buildings have newer roofs, one of which is only 4 years old. One unit is being temporarily kept from the rental pool to allow Investors to see a sample unit without disturbing tenants. Operational income and expense reports are available for qualified and serious potential buyers who are looking for a CAP rate approaching 8%, with the potential (based on area rental amounts) to be closer to 10%.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
15564.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
Call
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer
-
Parking
Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.294
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Low/1-2
Price
-
Sales Price
$1,400,000
-
Tax Amount
$8,758
-
Sq. Footage
15, 564
-
Price/SqFt
$89
HOA
-
Association
No
School District
-
Elementary School
Sullivan Elem.
-
Middle School
Sullivan Middle
-
High School
Sullivan Sr. High
Property Features
-
Ownership
Private
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Franklin-MO
Elementary School
Sullivan Elem.
Middle School
Sullivan Middle
High School
Sullivan Sr. High
Listing Courtesy of David F Plant , Coldwell Banker Reeves
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AGENT
Emily Kostuke
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