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19824 State Highway 112 20 Unit Apartment Building $3,395,000 ($169,750/Unit) 5.30% Cap Rate Cassville, MO 65625
Executive Summary
Investor opportunity near Cassville! This 20 unit complex features six duplexes and an 8-plex, with each 2/1 unit ranging from 750-900 sf in size. Units are all-electric and have been meticulously maintainted, including new roofs on all units, new mini-split HVAC systems, and new windows. All units are low maintenance brick exterior. Occupancy is consistently 90-100%, with a waiting list of interested tenants. Also included in the sale is the owner's home. This is a 3/2.5 single story home built for comfort, luxury, and function. It offers plenty of living space and a functional floor plan. The custom kitchen features beautiful granite counters. A home office and family room on one end could be readily made into additional bedrooms. The patio/pool area is a masterpiece, featuring an 18x36' in-ground heated pool, large hot tub, covered outdoor dining area, and gas firepit. It has been extensively remodeled and updated, and is being sold fully furnished, ready for use as an additional upscale rental. The residence could also be remodeled into a deluxe duplex for additional income streams. A large detached garage offers plenty of parking and storage, and next to it is a newer 1200 sf shop.Also worth noting is the acreage. With nearly 20 acres, there is plenty of room to add more apartments, storage units, cabins, or homes. A pond near the home is stocked with fish. With highway on the west and a county road on the east, access is very good. It is situated just minutes from the golf course, and short drive to Roaring River State Park and Table Rock Lake, two very popular tourist attractions. All in all, this is a remarkable property packaged together for a great investment opportunity. The current cap rate is 5.3%, with a realistic cap rate potential of 6+%.
Property Facts
| Price | $3,395,000 | Property Subtype | Apartment |
| Price Per Unit | $169,750 | Building Class | B |
| Sale Type | Investment | Building Size | 20,000 SF |
| Cap Rate | 5.30% | No. Stories | 1 |
| No. Units | 20 | Year Built | 1991 |
| Property Type | Multifamily |
| Price | $3,395,000 |
| Price Per Unit | $169,750 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 20,000 SF |
| No. Stories | 1 |
| Year Built | 1991 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | - | 750 - 900 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 23-2.0-04-000-000-0049.000 | Improvements Assessment | $125,267 |
| Land Assessment | $7,296 | Total Assessment | $132,563 |
Property Taxes
Parcel Number
23-2.0-04-000-000-0049.000
Land Assessment
$7,296
Improvements Assessment
$125,267
Total Assessment
$132,563
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19824 State Highway 112