865 South Douglas Avenue, Springfield, MO 65806 (MLS# 60225641)

865 South Douglas Avenue, Springfield, MO 65806

$2,400,000

Property Type: MultiFamily Lot Size (sq. ft.): 30,492 Status: Closed

Current Price: $2,400,000 List Date: 9/26/2022 Last Modified: 4/20/2023

Description

Located Near Downtown Springfield and Missouri State University. Excellent opportunity for apartment expansion on adjoining lot, which can be purchased separately for $75,000. Both properties zoned Residential-Medium Density (RMD) Convenient to Walmart Market, restaurants, retail shops, movie theatre, convenience store & park Recent substantial capital Improvements Proven value-add, with upside for rents Highly desirable unit mix. Showing after accepted Contract, which may include a Buyer Contingency terminating Contract, should initial walk-thru, on or before 5-days from the effective date, be unacceptable to Buyer.. Monthly rent shown is market rate. Vacant lot RE Taxes equal additional $264.85. Revenue shown at market rate.

More Information MLS# 60225641

Contract Information

Transaction Type: Sale List Price/SqFt: 2600000 Historical District: No Foreclosure/Short Sale: No Property Sub-Type: Apartment Building Begin Date: 2022-08-14 List Price: $2,400,000 Agreement Type: Exclusive Right To Sell Sign on Property: 1

Location, Tax and Other Information

Building #: 1 Inside City Limits: Yes RE Tax Provided By: Assessor Records

General Property Description

SqFt-Aprx: 31486 Total Room Count Above Grade: 24 SqFt Finsh'd & Unfnsh'd: 5000 or more Total Room Count Below Grade: 12 Total Monthly Rent: 296220 # Efficiency Units: 0 # One Bedroom Units: 6 # Two Bedroom Units: 30 # Three Bedroom Units: 0 Waterfront/View: None View: Yes Lake/River: None Aprx Year Built: 1978 Number of Units: 36 Aprx Lot Size (Acres): 0.7 Lot Dimensions: Acres Elementary School: SGF-McGregor Middle School: SGF-Study High School: SGF-Central

Status Change Info

Price Disclosed: Yes Status: Closed Under Contract Date: 2022-11-14 Sold Date: 2023-04-17

Views

City: 1

Unit Features

All Units: 1 Carpet: 1

Amenities

Central Laundry: 1

One Bed Units

One Bed $: Over $350

Construction

Vinyl Siding: 1

Two Bed Units

Two Bed $: Over $450

Utilities

City: 1 Electricity: 1 Gas: 1 Master Meter: 1 Separate Meters: 1 Sewer: 1 Tenant Pays: 1 Tenant Pays Part: 1 Trash: 1 Water: 1

Cooling

Central: 1

Appliances

Refrigerator: 1

Heating

Central: 1 Forced Air: 1

Miscellaneous

Fire Alarm: 1 Smoke Detector: 1

Parking

Paved Area: 1

Roofing Material

Composition: 1

Possession

At Closing: 1

Will Sell

1031 Exchange: 1 Cash: 1 Conventional: 1 Owner Carry First: 1

Buildings

One Building: 1

Water

City Water: 1

Sewer

City Sewer: 1

Documents Available

Disclosure: 1

Type of Tenancy

Lease: 1

Yearly Net Oper Inc

Over $25,000: 1

Deposits

Deposit Required: 1

Location Tax and Other Information

Street #: 865 Street Direction: South Street Name/Route: Douglas Suffix: Avenue County: Greene State/Province: MO Zip Code: 65806 Subdivision: Ferguson Parcel ID: 881323413008 Cross Street: E. Grand Real Estate Tax: 9074.76 Tax Year: 2021 Legal Description: APT: BEG 502 FT S SW COR MADISON & DOUGLAS STS W 265 FT S 214.6 F T E 265 FT N TO BEG VACANT LAND: FERGUSON E N TRUSTEE ADD S 50 FT LOT 25 & BEG 50 FT N SE COR LOT 25 N 48 FT W265 FT S 251 FT NWLY TO SW COR LOT 26 N 50 FT E 45 FT NELY 70 FT E 52 FT N TOBEG 23/29/22 Zoning: Residential MD

Remarks Misc

Directions: E Grant then South on S. Douglas. Properties on west side of Douglas

Property Features

Unit Features: All Units; Carpet Amenities: Central Laundry Appliances: Refrigerator Cooling: Central Heating: Central; Forced Air Buildings: One Building Construction: Vinyl Siding Roofing Material: Composition Parking: Paved Area Miscellaneous: Fire Alarm; Smoke Detector Water: City Water Sewer: City Sewer Utilities: Electricity; Gas; Master Meter; Separate Meters; Sewer; Tenant Pays; Tenant Pays Part; Trash; Water Documents Available: Disclosure Type of Tenancy: Lease Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: 1031 Exchange; Cash; Conventional; Owner Carry First Deposits: Deposit Required

Listing Office: Reece Commercial

Last Updated: April - 20 - 2023

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