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400 S Walnut Multi Family 400 S Walnut St 17 Unit Apartment Building $874,900 ($51,465/Unit) 12.14% Cap Rate La Monte, MO 65337

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INVESTMENT HIGHLIGHTS

  • Fully Occupied
  • Upgrades
  • Convenient Location

EXECUTIVE SUMMARY

3 buildings, 17 units consisting of 8 one bedroom, 8 two bedroom and 1 three bedroom apartments. Rent is $475/month on one beds, $575/month on 2 beds and $650/month on 3 bed for a total of $8850/month at 100% occupancy. All roofs replaced within 2 years, all HVAC gone through and replaced/repaired last year. Many upgrades over the last couple years and ongoing. Great Investment Opportunity!

ATTACHMENTS

Rent roll Lamont 12-28-23

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $874,900
Price Per Unit $51,465
Sale Type Investment
Cap Rate 12.14%
Sale Condition Bulk/Portfolio Sale
No. Units 17
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 1.28 AC
Building Size 25,000 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1980/2022

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 $475.00 -
2+1 8 $575.00 -
3+2 1 $650.00 -
  • Listing ID: 30440713

  • Date on Market: 12/24/2023

  • Last Updated:

  • Address: 400 S Walnut St, La Monte, MO 65337

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