Historical Multifamily Sale Listing - Suzanne Apartments

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Suzanne Apartments

48 Suzanne Drive, Camdenton, MO 65020

N/A

12 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
12
Building Size:
8,800 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
11.80%
Occupancy:
95%
Lot Size:
1.90 AC
Listing ID
17248983
Last Updated
over 1 year ago

Description

This is a quality all electric 12 unit complex in Camdenton built in 1999. It is a vinly-sided one building with 2 stories with 2 paved areas for parking. The building is 8800 SF, with each unit being 732 SF. The units feature 2 beds, 1 bath; ceramic tile is in the living rooms, kitchens, baths, and hallways; carpet in the bedrooms. The kitchens are fully equipped with a refrigerator, stove, and dishwasher. Strong rental history with market potential of $450 for upstairs, and $475 for downstairs or $5550/month. Current rents slightly lower at $5350/ month. Tenants pay electric, owner pays water, sewer and trash. Many of the hot water heaters have been replaced. Each unit features washer/dryer hookups, but there is also a common laundry with machines owned and operated by an outside company. There is an unfinished area in the basement which could be converted to office, storage, or possibly a studio apt. Do not disturb or talk to tenants. 2010 financials show a 11.8 cap rate.

Camdenton, MO

Map of 48 Suzanne Drive, Camdenton, MO 65020 (Camden County)

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