340-350 East Aldrich Road, Bolivar, MO 65613
$1,750,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
82,764
Status:
Closed
Current Price:
$1,750,000
List Date:
4/10/2024
Last Modified:
8/02/2024
Description
Rare investment opportunity in Bolivar. 16 unit apartment complex comprised of two buildings with 4 ground floor apartments and 4 second story apartments per building. This property sits conveniently less then 350 feet from Southwest Baptist University. Each unit features 2 bedrooms and 2 bathrooms. Each unit is metered for water and sewer separately and has their own hvac unit. Currently all 16 units are rented. Tenants pay water sewer and trash. There are coin operated washer and dryers located on the property owned by property owner that will transfer to new owner upon purchase. Owner pays for 2 dumpsters that owner pays $180 a month. Laundry room utilities and street lights are paid for by owner at the cost of around $225.
More Information MLS# 60265426
Contract Information
Transaction Type: Sale
Sub Lease: No
Foreclosure/Short Sale: No
Property Sub-Type: Apartment Building
Begin Date: 2024-04-10
List Price: $1,750,000
Agreement Type: Exclusive Right To Sell
Sign on Property: 1
Location, Tax and Other Information
Modifier: 340-350
Inside City Limits: Yes
RE Tax Provided By: Assessor Records
General Property Description
SqFt Finsh'd & Unfnsh'd: 5000 or more
Total Monthly Rent: 14125
# Two Bedroom Units: 16
Waterfront/View: None
Lake/River: None
Aprx Year Built: 1996
Number of Units: 16
Aprx Lot Size (Acres): 1.9
Lot Dimensions: Acres
Elementary School: Bolivar
Middle School: Bolivar
High School: Bolivar
Status Change Info
Price Disclosed: Yes
Status: Closed
Under Contract Date: 2024-07-16
Sold Date: 2024-08-01
Listing Info
Owner Agent: No
Views
City: 1
Amenities
Central Laundry: 1
Construction
Brick: 1
Vinyl Siding: 1
Two Bed Units
Two Bed $: Over $450
Two Bed SqFt: 751 - 1,000 SqFt
Utilities
City: 1
Cooling
Central: 1
Heat Pump: 1
Appliances
Dishwasher: 1
Refrigerator: 1
Baths
2 Per Unit: 1
Heating
Central: 1
Heat Pump: 1
Parking
Two or More: 1
Possession
At Closing: 1
Will Sell
1031 Exchange: 1
Cash: 1
Conventional: 1
Buildings
Two Buildings: 1
Streets
Asphalt: 1
Water
Public Water Available: 1
Sewer
Public: 1
Flood Insurance
Not Required: 1
Type of Tenancy
Lease: 1
Monthly: 1
Yearly Net Oper Inc
Over $25,000: 1
Deposits
Deposit Required: 1
Location Tax and Other Information
Street #: 340-350
Street Direction: East
Street Name/Route: Aldrich
Suffix: Road
County: Polk
State/Province: MO
Zip Code: 65613
Subdivision: N/A
Parcel ID: 1 - 10017 - 4
Real Estate Tax: 6975.28
Tax Year: 2023
Zoning: R4
Remarks Misc
Directions: From the Bolivar square take Springfield avenue south to Aldrich road. Turn right at the stop light onto Aldrich road. The apartments will be on the left hand side.
Property Features
Amenities: Central Laundry
Baths: 2 Per Unit
Appliances: Dishwasher; Refrigerator
Cooling: Central; Heat Pump
Heating: Central; Heat Pump
Buildings: Two Buildings
Construction: Brick; Vinyl Siding
Parking: Two or More
Streets: Asphalt
Water: Public Water Available
Sewer: Public
Flood Insurance: Not Required
Type of Tenancy: Lease; Monthly
Yearly Net Oper Inc: Over $25,000
Possession: At Closing
Will Sell: 1031 Exchange; Cash; Conventional
Deposits: Deposit Required
Documents
Overhead View ›
Listing Office:
Neighborhood Real Estate
Last Updated: August - 02 - 2024
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