1438 East Elm Street, Springfield, MO 65802
$739,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
33,106
Status:
Closed
Current Price:
$739,000
List Date:
2/15/2012
Last Modified:
12/17/2019
Description
A great investment opportunity with close proximity to Missouri State University. Ashford Court is a 25 unit apartment complex in a great area that has shown long term high occupancy rates and is currently 100% leased, as of listing date. It is currently* 100% occupied with all units under lease through July 31, 2013. This is listed at a cap rate of 10.73%, with 2011 NOI of $79,075. Call agent for additional financial information. The property has an on-site laundry facility. Approximately 50% of the roof has been replaced since 2005. The property is heated by a boiler system and units are cooled by individual window units. All 2nd floor units have hardwood floors. Owner is licensed real estate agent in the state of Missouri. All financial information is based on information provided by se
Supplements: ller based on actual 2011 numbers.
More Information MLS# 11201992
Contract Information
Transaction Type: Sale
Property Sub-Type: Apartment Building
Begin Date: 2012-02-14
List Price: $739,000
Agreement Type: Exclusive Right To Sell
Location, Tax and Other Information
Inside City Limits: Yes
RE Tax Provided By: Assessor Records
General Property Description
SqFt-Aprx: 18826
SqFt Finsh'd & Unfnsh'd: 2000 - 2199
# One Bedroom Units: 15
# Two Bedroom Units: 9
# Three Bedroom Units: 1
Aprx Year Built: 1963
Number of Units: 25
Aprx Lot Size (Acres): 0.76
Lot Dimensions: Acres
Elementary School: SGF-Rountree
Middle School: SGF-Jarrett
High School: SGF-Parkview
Unit Features
Carpet: 1
Patio/Balcony: 1
Amenities
Central Laundry: 1
One Bed Units
One Bed $: Over $350
One Bed SqFt: 501 - 800 SqFt
Construction
Stucco: 1
Two Bed Units
Two Bed $: Over $450
Two Bed SqFt: 751 - 1,000 SqFt
Utilities
City: 1
Electricity: 1
Gas: 1
Master Meter: 1
Sewer: 1
Trash: 1
Water: 1
Cooling
Window Unit(s): 1
Three Bedroom Units
Three Bed $: Over $400
Three Bed SqFt: 750 - 1,000 SqFt
Appliances
Disposal: 1
Oven/Range: 1
Refrigerator: 1
Heating
Hot Water Radiant: 1
Miscellaneous
Smoke Detector: 1
Parking
Paved Area: 1
Street: 1
Possession
Subject to Tenant Rt: 1
Will Sell
1031 Exchange: 1
Cash: 1
Conventional: 1
Buildings
Three Buildings: 1
Two Stories: 1
Streets
Asphalt: 1
Water
City Water: 1
Sewer
City Sewer: 1
Flood Insurance
Not Required: 1
Documents Available
Financial Records: 1
Type of Tenancy
Lease: 1
Yearly Net Oper Inc
Over $25,000: 1
Deposits
Deposit Required: 1
Location Tax and Other Information
Street #: 1438
Street Direction: East
Street Name/Route: Elm
Suffix: Street
County: Greene
State/Province: MO
Zip Code: 65802
Subdivision: Chamberlains
Parcel ID: 881219113001
Cross Street: Pickwich
Real Estate Tax: 4823.34
Tax Year: 2011
Legal Description: Chamberlains Addition Lots 1, 2, 3 & 4
Zoning: R-HD
Remarks Misc
Directions: National to Elm, east on Elm approximately 1/3 mile. Property on the right at the corner of Elm & Pickwick.
Status Change Info
Status: Closed
Under Contract Date: 2013-02-16
Sold Date: 2013-03-15
Property Features
Unit Features: Carpet; Patio/Balcony
Amenities: Central Laundry
Appliances: Disposal; Oven/Range; Refrigerator
Cooling: Window Unit(s)
Heating: Hot Water Radiant
Buildings: Three Buildings; Two Stories
Construction: Stucco
Parking: Paved Area; Street
Streets: Asphalt
Miscellaneous: Smoke Detector
Water: City Water
Sewer: City Sewer
Utilities: Electricity; Gas; Master Meter; Sewer; Trash; Water
Flood Insurance: Not Required
Documents Available: Financial Records
Type of Tenancy: Lease
Yearly Net Oper Inc: Over $25,000
Possession: Subject to Tenant Rt
Will Sell: 1031 Exchange; Cash; Conventional
Deposits: Deposit Required
Listing Office:
Plaza Realty and Management Services, LLC
Last Updated: December - 17 - 2019
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