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Key Details
Sold Price $649,900
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24033015
Sold Date 06/25/24
Construction Status 45
Year Built 1979
Building Age 45
Lot Size 2.810 Acres
Acres 2.81
Lot Dimensions 2.810 ac m/l
Property Sub-Type Multi-Family 5+
Property Description
Discover a hidden gem of an investment opportunity in the heart of Bunker, MO! This thriving property boasts five well-maintained apartment buildings with durable metal roofs, featuring a total of 18 rental units that enjoy high occupancy rates. The complex includes 14 one-bedroom apartments, two two-bedroom apartments, and two three-bedroom apartments, catering to a diverse tenant base. Rental income comes from a mix of private pay, HUD, and RD rents, ensuring steady cash flow. Each unit is equipped with baseboard heating and window air conditioning for year-round comfort. A sixth building on the property serves multiple functions: it houses the apartment complex office, a maintenance room, and a convenient coin laundry facility for tenants. The owner currently covers all utilities, adding to tenant appeal. Situated on 2.81 acres (more or less), this property also offers ample space for future expansion. Don't miss out on this rare investment opportunity in a prime location!
Location
State MO
County Reynolds
Area Bunker
Interior
Heating Baseboard
Cooling Wall Unit(s)
Fireplace N
Laundry Coin Operated, Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Fl Brick/Stn Veneer
Construction Status 45
Schools
Elementary Schools Bunker Elem.
Middle Schools Bunker High
High Schools Bunker High
School District Bunker R-Iii
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Julie Moss