All brick 1960s construction... Solid! They don't build em like they used to! This purpose-built 7-plex is a great portfolio addition! Cash flowing and turn-key, fantastic long term investment. All electric and plumbing professionally redone in 2019. All new wires, panels and meter bases! All new plumbing throughout! Three 1-bedroom apartments are currently leased for $500 a month on 12-month leases. 3 apartments are being repainted right now and then would be ready for you to rent out at $500/mo. Allowing you a monthly gross rent of $3,000 and room for value add opportunities such as pet fees, coin op laundry, etc. The 6 apartments that are tenant ready have all been extensively and completely renovated in the past 5 years, including new gas furnaces in each unit, tile in bathrooms, lots of new laminate flooring, new countertops, sinks, ceiling fans, toilets, lights, doors, new carpet, refinished hardwood floors, new curtain rods, locks, the list goes on and on! This building also has two massive basements allowing tenant or landlord storage space. The 7th apartment (a walk out studio) has been gutted out. The 700-square foot space would have to be built out (or use it as storage space), but it does already have a new 100-amp breaker panel in it. The building is across the street from a nice park. Right on the bus line. The city is putting in a new 6-foot wide sidewalk in the next 6 months. That job goes out for bid June 15. Images of sidewalk schematic are available. At that time, the retaining walls will also be rebuilt out front and new walkway sidewalks will be poured. The last few images on this posting are to illustrate what the new retaining walls will look like (the gray stonework is from another recent sidewalk project in town). I would love to hold onto it now that most of the hard work is done, but I need to sell to fund another rehab across town. P&L and more information can be provided with proof of funding. Closing to occur in Jefferson City at Cole County Abstract. This property is for sale by owner. Not interested in sellers agents. Buyers agent 3% commission. No creative financing or lease to purchase considered. Written offer to purchase must include $1,000 non-refundable earnest money. Also selling two multifamily properties in Osage County: an 11-plex and a 6-plex.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
