96 Wellspring Drive, Reeds Spring, MO 65737
$1,350,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
87,120
Status:
Closed
Current Price:
$1,350,000
List Date:
9/21/2017
Last Modified:
12/17/2019
Description
Apartment Complex with 1-5 Plex,4 -4 Plexes and 3 duplexes all on one street with possibly room for one more building to complete the street. Duplexes are 3 bed 2 bath. In newer subdivision with Hwy access, storage units near by and shopping minutes away. 1 efficiency apt, ten 1 bedrooms, ten 2 bedrooms, six 3 bedrooms and commercial laundry. Covered stairway and laundry hookups in all units. Long term renters with good books. Parking in front and to the side of buildings with over 2 spaces per unit. Well managed and maintained. Buildings built in 2002, 2003, 2006, 2007, 2008 and 2009. 2016 occupancy rate of 95.2% and CAP Rate of 8.1%. All buyers must show proof of funds or letter of credit before financials are provided and showings scheduled by appointment. Do not talk with tenants.
More Information MLS# 60090622
Contract Information
Transaction Type: Sale
Foreclosure/Short Sale: No
Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2017-09-21
List Price: $1,350,000
Agreement Type: Exclusive Right To Sell
Location, Tax and Other Information
Inside City Limits: Yes
General Property Description
SqFt-Aprx: 24276
SqFt Finsh'd & Unfnsh'd: 5000 or more
Total Monthly Rent: 13670
# Efficiency Units: 1
# One Bedroom Units: 10
# Two Bedroom Units: 10
# Three Bedroom Units: 6
Waterfront/View: None
Lake/River: None
Aprx Year Built: 2002
Number of Units: 27
Aprx Lot Size (Acres): 2
Lot Dimensions: Acres
Elementary School: Reeds Spring
Middle School: Reeds Spring
High School: Reeds Spring
Status Change Info
Price Disclosed: Yes
Status: Closed
Under Contract Date: 2017-10-13
Sold Date: 2017-12-08
How to Show
Call Listing Agent: 1
Unit Features
Carpet: 1
Extra Storage: 1
Patio/Balcony: 1
Washer/Dryer Hookup: 1
Amenities
Central Laundry: 1
Efficiency
Efficiency $: Over $200
One Bed Units
One Bed $: Over $350
Construction
Brick: 1
Vinyl Siding: 1
Two Bed Units
Two Bed $: Over $450
Utilities
City: 1
Electricity: 1
High Speed Internet Access: 1
Sewer: 1
Trash: 1
Cooling
Ceiling Fans: 1
Central: 1
Three Bedroom Units
Three Bed $: Over $400
Appliances
Dishwasher: 1
Disposal: 1
Oven/Range: 1
Refrigerator: 1
Baths
1 Per Unit: 1
2 Per Unit: 1
Heating
Central: 1
Forced Air: 1
Heat Pump: 1
Miscellaneous
Smoke Detector: 1
Parking
Two or More: 1
Paved Area: 1
Roofing Material
Composition: 1
Possession
At Closing: 1
Will Sell
Cash: 1
Conventional: 1
Buildings
Four or More Buildings: 1
One Story: 1
Two Stories: 1
Streets
Asphalt: 1
Water
City Water: 1
Sewer
City Sewer: 1
Flood Insurance
Not Required: 1
Documents Available
Disclosure: 1
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 #: 96
Street Name/Route: Wellspring Drive
County: Stone
State/Province: MO
Zip Code: 65737
Subdivision: Barrington Oaks
Parcel ID: 08-7.0-35-004-009-014.001
Real Estate Tax: 11068
Tax Year: 2016
Legal Description: Lot 4, Phase 2 Barrington Oaks, City of Reeds Spring, Missouri.
Zoning: Multi-family
Section: 35
Township: 24
Remarks Misc
Directions: Hwy 76 West from Reeds Spring to Wolves Street to left into Wellspring Drive.
Property Features
How to Show: Call Listing Agent
Unit Features: Carpet; Extra Storage; Patio/Balcony; Washer/Dryer Hookup
Amenities: Central Laundry
Baths: 1 Per Unit; 2 Per Unit
Appliances: Dishwasher; Disposal; Oven/Range; Refrigerator
Cooling: Ceiling Fans; Central
Heating: Central; Forced Air; Heat Pump
Buildings: Four or More Buildings; One Story; Two Stories
Construction: Brick; Vinyl Siding
Roofing Material: Composition
Parking: Two or More; Paved Area
Streets: Asphalt
Miscellaneous: Smoke Detector
Water: City Water
Sewer: City Sewer
Utilities: Electricity; High Speed Internet Access; Sewer; Trash
Flood Insurance: Not Required
Documents Available: Financial Records; Disclosure
Type of Tenancy: Lease
Yearly Net Oper Inc: Over $25,000
Possession: At Closing
Will Sell: Cash; Conventional
Deposits: Deposit Required
Listing Office:
RE/MAX Associated Brokers Inc.
Last Updated: December - 17 - 2019
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