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48 Suzanne Drive
Camdenton, MO 65020 ·

12 Units · Multifamily For Sale

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Suzanne Apartments

Price N/A Property Use Type Investment
No. Units 12 Commission Split 3%
Building Size 8,800 SF Cap Rate 11.80%
Property Type Multifamily Occupancy 95%
Property Sub-type Mid/High-Rise Lot Size 1.90 AC
Listing ID: 17248983 Date Created: 07/17/2011 Last Updated: 01/06/2012

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

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

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