Buffalo, MO 65622
$825,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
108,029
Status:
Closed
Current Price:
$825,000
List Date:
5/26/2023
Last Modified:
8/01/2023
Description
Welcome to Ramsey Square! This 15 unit multifamily property is a fantastic opportunity to acquire cash flowing and in-demand rental housing. With a fantastic layout, and tons of common space and yard, these units continue to experience rental rate growth and multiple applications when vacant. Currently all occupied, this property generates ample cash flow at the current asking price, yet still gives a new buyer room for betterment. Almost every unit has had flooring replaced/updated and at every unit turn, the units have received a deep cleaning, paint, and a maintenance check. Unit mix includes 3 one bedroom and 12 two bedroom units. Some units have one car garages, and all units have in-unit washer and dryer hookups. Additionally, all units have central HVAC and tenant paid utilities and trash.
More Information MLS# 60243558
Contract Information
Transaction Type: Sale
Foreclosure/Short Sale: No
Property Sub-Type: Apartment Building
Begin Date: 2023-05-26
List Price: $825,000
Agreement Type: Exclusive Right To Sell
Location, Tax and Other Information
Inside City Limits: Yes
General Property Description
SqFt Finsh'd & Unfnsh'd: 1800 - 1999
Total Monthly Rent: 8905
# One Bedroom Units: 3
# Two Bedroom Units: 12
Waterfront/View: None
# Attached Garage Spaces: 6
# Detached Garage Spaces: 0
# Detached Carport Spaces: 0
Lake/River: None
Aprx Year Built: 1999
Number of Units: 15
Aprx Lot Size (Acres): 2.48
Lot Dimensions: Acres
Garage/Carport: 1
Total Garage/Carport Stalls: 6
Elementary School: Buffalo
Middle School: Buffalo
High School: Buffalo
Status Change Info
Price Disclosed: Yes
Status: Closed
Under Contract Date: 2023-05-29
Sold Date: 2023-07-31
One Bed Units
One Bed $: Over $350
Two Bed Units
Two Bed $: Over $450
Cooling
Central: 1
Heating
Central: 1
Water
City Water: 1
Sewer
Public: 1
Location Tax and Other Information
State/Province: MO
Zip Code: 65622
Subdivision: N/A
Real Estate Tax: 6077
Tax Year: 2022
Legal Description: COM NE COR S 1/2 SW SE, S 460', W 250', N 460', E 250', EXCEPT 100' X 140' E SIDE; LOT SIZE: 285' X 340' IRR
Zoning: MF
Remarks Misc
Directions: Take 32 East to Buffalo turn right on 65 Hwy. Property is one block of 65 Hwy.
Property Features
Cooling: Central
Heating: Central
Water: City Water
Sewer: Public
Listing Office:
Keller Williams
Last Updated: August - 01 - 2023
Broker Attribution:
klrw369@kw.com
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