Historical Retail Sale Listing - Hunters Point Apartment Community

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Hunters Point Apartment Community

Exit 156, Interstate 44, Waynesville, MO 65583

N/A

115,000 SF | Retail

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Hunters Point Apartments

Retail Property - Off Market

Price:
N/A
Building Size:
115,000 SF
Property Type:
Retail
Property Sub-type:
Anchor
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
8.50%
Occupancy:
95%
No. Stories:
2
Tenancy:
Multiple
Property on Ground Lease?:
Yes
Year Built:
2004
Lot Size:
12 AC
Parking Ratio:
2.20 / 1,000 SF
Listing ID
14911742
Last Updated
over 1 year ago

Highlights

  • Great Cap Rates, OVER 8.5%!
  • Apartments only 2 Years Old all Appliances (W/D too) included
  • Stable Market in Midwest Location
  • Developer owned and built, perfectly seasoned property.
  • Jump in and take advantage, Value Add Potential
  • Just Listed

Description

Gross Income of nearly $1,000,000 annually, and an NOI of over $700,000 annually! Built in 2004, Hunters Point Apartments is in one of the regions premier locations, just outside Fort Leonard Wood, in Waynesville, Missouri. 20 Minutes from University of Missouri Rolla, 40 Minutes from Lake of the Ozarks, and 5 Minutes from the military base. On the quiet hillside of Hunters Point, just south of Interstate 44 and near Fort Leonard Wood's newest entrance. The property provides great visual marketing, and continually has the best occupancies in the region. Expense ratio is under 25% and this property has been perfectly seasoned.

We would like to discuss the potential to have current property managers, who maintain the HIGHEST occupancies in the area, and have done so for years, maintain management, and maintenance under a long term agreement to ease the burden of purchase in anyway possible. You can't buy property such as this for under $75/Sf with the land price included!

Comprised of 18 1 BR/1 BA, 60 2 BR/ 2 BA, and 34 3 BR/3 BA. Rents are $600/$715/$850 respectively. Great condo conversion opportunity as well. Each unit contains full size washer and dryer.

Properties are off the North and South Side of Interstate 44 in Waynesville, MO. Town is outside of Nations 4th largest Army base, Fort Leonard Wood, MO, and the County has been one of the largest growing counties IN THE COUNTRY, due to Army base expansion.

Map of Exit 156, Interstate 44, Waynesville, MO 65583 (Pulaski County)

Research for Exit 156, Interstate 44, Waynesville, MO 65583 (Pulaski County)

  • Demographics – Population, income & other demographics near Exit 156, Interstate 44
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17 Photos
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Created 12/7/2006