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- LoopNet Team
900 E Ohio St
Clinton, MO 64735
Fountain Plaza Apartments · Multifamily Property For Sale
·
25 Units
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Furnished Units Available
- Bicycle Storage
ABOUT 900 E OHIO ST , CLINTON, MO 64735
See attached Executive Summary .Seller's Financing available, 5% interest, 20-yr AM, 3-yr Balloon, 20% down payment. All units remodel & update etc in 2017. Property stabilized in 2018. Cash offers also excepted. Proforma expenses based on $2,450 per unit annually under management $107,000.00 of improvements. All units move in ready and updated. 25-units 24-2BD units 1-3BD unit Garden style 2-story. 3-buildings, 2.1 acres. All steel & concrete construction Built in 197231,200 leasable sq. ft. 2BD units 1,200 sq. ft. each 24-units 2-bedroom 1-bath, 1,200 sq. ft. +/-, walk in closets, patios, 1-Unit 3-bedroom 2-bath, 2,400 sq. ft. +/- Several HVAC units replaced in 2009Rubber roof 13-years old +/- Vacancy proforma at 8%. Market occupancy rate 95% Proforma maintenance estimate reserves based on 15% of collected income Excellent location on main thoroughfare 8,000 +/-cars per day Trade area Demographics trade area population of 103,000. Video Link: https://youtu.be/pWkKsPO_-1E
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 24 | $537.50 | 1,200 |
| 3+2 | 1 | $725.00 | 2,400 |
PROPERTY TAXES
| Parcel Number | 18-1.0-11-001-001-006.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $259,770 |
PROPERTY TAXES
