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
Listing Office: Action Realty
IDX
Last Updated: July - 18 - 2023
Data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than the website owner are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is not guaranteed and should be verified by the consumer and is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers wish to purchase. Any representation that a web site contains all listings shall only mean that the web site contain all listing available to the public through the IDX data feed and other available properties may not be displayed on this site. © 2023 Southern Missouri Regional MLS, LLC All rights reserved.

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