41 Northridge Drive , Marshfield, MO 65706
Marshfield, MO 65706
Description
RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%. This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include: - 3.84 +- Acres - 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance) - 3 Buildings (brick, stone, or vinyl siding) - 8,120 +- Rentable Sq Ft between all units - Very close to Highway I-44 (Only 15 minutes to Springfield!) - Window unit air in all units - Baseboard heating in all units - Individually metered for utilities (tenant pays part) - Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating) - A new Well was recently installed, which services all units for water - And more! This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**
Details
| MLS# | 60279554 |
|---|---|
| Listing Type | For Sale |
| Suite Number | 1 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 101 |
| Listing Provided By | Murney Associates - Primrose | Mike Bowman |
Features
| Units | 11 |
|---|---|
| Zoning | N/A |
| Acreage | 3.84 |
| Property View | Mountain, Panoramic, Year Round |
Market Activity 65706
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Learn More About This Property
| State | MO |
|---|---|
| County | Webster |
| City | Marshfield |
| Zip Code | 65706 |
| Community Name | N/A |
| School District | Marshfield |
| Elementary School | Marshfield |
| Middle School | Marshfield |
| High School | Marshfield |
| Listing VS Median (in N/A) | |
Price: $585,000 low | high Med: $298,500 On Site: 101 low | high Med: 490 | |