1050 East Clinton Avenue, Seymour, MO 65746
$850,000
Property Type:
Commercial-All Types
Baths:
19
Square Footage:
7,644
Lot Size (sq. ft.):
42,689
Status:
Closed
Current Price:
$850,000
List Date:
3/29/2023
Last Modified:
7/18/2023
Description
100% OCCUPANCY! Here is a sound investment, which will profit in any economy. This newly renovated 19 unit apartment building has close proximity to Highway 60, but is set back from East Clinton Ave, providing some privacy. Each room is OACAC approved. The rents are set low at $575 and easily have room to be raised. The owner pays utilities, with each unit averaging roughly $80. All the hard work has been completed including a new metal roof, fresh interior/exterior paint, new appliances, shower hardware, bathroom vanities, new flooring, new light fixtures, electrical upgrades, and a new commercial hot water heater. The property offers a beautiful grass area in the front, with large shade trees. Ample parking, with room to grow if one wanted to expand on the neighboring commercial lot (MLS # 60239253). This location is set to grow and only several hundred yards away there is a new roundabout proposed, which could bring more visibility and business to this area. This investment is recession proof, but will bring in significant cashflow regardless of the real estate and economic cycle.
More Information MLS# 60239255
Contract Information
Construction Status: Existing
Transaction Type: Sale
List Price/SqFt: 111.2
Parent/Child: None
Historical District: No
Foreclosure/Short Sale: No
Property Sub-Type: Other
Begin Date: 2023-03-25
List Price: $850,000
Agreement Type: Exclusive Right To Sell
Sign on Property: 1
Location, Tax and Other Information
Inside City Limits: Yes
Business Name: Stidham Homes, LLC
Vacancy %: 0
General Property Description
SqFt - Vacant: 0
SqFt - Office Space: 0
SqFt - Retail Space: 0
SqFt - Warehouse: 0
Waterfront/View: None
Lake/River: None
Baths - Total: 19
Total SqFt: 7644
Aprx Year Built: 1965
Number of Units: 19
Aprx Lot Size (Acres): 0.98
Lot Dimensions: Acres
Status Change Info
Price Disclosed: No
Status: Closed
Under Contract Date: 2023-06-06
Sold Date: 2023-07-07
Listing Info
Owner Agent: No
Business Type
Apartments: 1
Cooling
Wall Unit(s): 1
Heating
Electric: 1
Land Status
Land Included: 1
Miscellaneous
220 Power: 1
Inside Storage: 1
Water Heater-Electric: 1
Parking
20+ Spaces: 1
Paved: 1
Roof
Metal: 1
Utilities Available
Electric: 1
Gas: 1
High Speed Internet Access: 1
Public Sewer: 1
Public Water: 1
Lot Description
Level: 1
Location Tax and Other Information
Street #: 1050
Street Direction: East
Street Name/Route: Clinton
Suffix: Avenue
County: Webster
State/Province: MO
Zip Code: 65746
Parcel ID: 18-1.0-01-000-000-011.010
Real Estate Tax: 1049.38
Tax Year: 2022
Zoning: Commercial
Section: 1
Township: 28
Remarks Misc
Directions: Take Seymour (Bus Route) exit off Hwy 60. Road splits, take left for East Clinton Road. Café is visible from the road and is on your right. Apartments are behind the Café.
Property Features
Business Type: Apartments
Cooling: Wall Unit(s)
Heating: Electric
Land Status: Land Included
Miscellaneous: 220 Power; Inside Storage; Water Heater-Electric
Parking: 20+ Spaces; Paved
Roof: Metal
Utilities Available: Electric; Gas; High Speed Internet Access; Public Sewer; Public Water
Lot Description: Level
Documents
Listing Office:
Action Realty
Last Updated: July - 18 - 2023
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