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Address
1009 Stepehens Street Ava, MO
Price
$ 1,375,000
Property Attributes
  • MLS#60206818
  • TypeMulti-Family
  • CountyDOUGLAS
  • CityAva
  • Zip65608
  • StyleApartment Building
  • Year Built1980
  • Taxes$ 4511
  • Price$ 1,375,000
  • Bedrooms24
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24748
  • Lot Size1.65 Acres
Listing Provided Courtesy Of:
Spring Creek Realty, Llc
Data Source:
Southern Missouri Regional MLS (SOMO)
Property Description

Senior housing apartment complex for sale. A total of 24 units, located in two buildings sitting on 1.65 acres. Section 8 HUD contract on apartments. Total monthly rent is $580 per unit with an approved rent increase to $588 in 2022. Low vacancy rate. Apartments are 1 bedroom 1 bath units. Building includes common area and indoor laundry facility for additional income. Apartments have an office and maintenance storage area. Apartments have been updated in the past. Exterior is mostly brick. Brand new roof installed in 2021. Many HVAC units and hot water heaters replaced. Owner provides electric, sewer, water, and trash. Management company is in place. Great long term investment opportunity!

Elementary School Middle School High School
Ava Elementary School Ava Middle School Ava High School
Price History
12/9/2021 Listed $1,375,000

General Features

Appliances Oven/Range, Refrigerator
Construction Brick, Vinyl Siding
Cooling Central
Elementary School Ava
Financing Cash, Conventional
Foreclosure/short Sale No
Heating Forced Air
High School Ava
Inside City Limits Yes
Middle School Ava
Parking Paved Area
Possession At Closing
Property Type B
Sewer City Sewer
Status Active
Subdivision N/A
Tax Year 2020
Transaction Type Sale
Type Apartment Building
Utilities Electricity
Water City Water
Will Sell 1031 Exchange, Cash, Conventional
Year Built 1980
Zoning Multi-family

Interior Features

# One Bedroom Units 24.00
Baths: Each Unit 1
One Bed Units: One Bed Sqft 301 - 500 SqFt
Total Number of Units 24

Exterior Features

Lake/River None
Lot Dimensions 262x275
Roofing Material Asphalt
Waterfront/view None

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

Property vs Multi-Family Average in 65608

Price
AVG $1.38M
$1.38M
Taxes
AVG $4,511
$4,511
Visits
AVG 82
81
Year Built
AVG 1980
1980
Walkscore
AVG 24
24
Data Provided by Walkscore ® not using MLS data

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