$1,400,000
$1,400,000
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232 N Church ST Sullivan, MO 63080
15,564 SqFt
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 15,564 sqft
Price per Sqft $89
Subdivision Ross Add 02
MLS Listing ID 24013730
Sold Date 07/03/24
Construction Status 56
Year Built 1968
Building Age 56
Lot Size 1.294 Acres
Acres 1.294
Lot Dimensions 129X379X166X375
Property Description
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%.
Location
State MO
County Franklin
Area Sullivan C-2(Frnkl)
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry No Laundry Facil.
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Construction Status 56
Schools
Elementary Schools Sullivan Elem.
Middle Schools Sullivan Middle
High Schools Sullivan Sr. High
School District Sullivan
Others
Ownership Private
Acceptable Financing Cash Only, FHA
Listing Terms Cash Only, FHA
Special Listing Condition None
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Bought with David Plant