10 Acres Lot
10 Acres Lot
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Subdivision Countryside
MLS Listing ID 26043543
Style Apartment Style,Ranch
Year Built 1986
Annual Tax Amount $15,827
Lot Size 10.000 Acres
Acres 10.0
Property Sub-Type 5 Family or More
Property Description
Rare opportunity to acquire a 50-unit multifamily portfolio in Arcadia Valley, Missouri one of Southeast Missouri's' steadily growing rental markets. The offering includes 50 residential units and 1 Laundry unit in 19 buildings on 10 acres.
30-1 bedroom, 1 bath units
7-2 bedroom, 1 bath units
12-2 bedroom, 2 bath units
1-3 bedroom, 2 bath unit
1- Laundry with rehab potential for income producing amenity
Property is located in Pilot Knob, Missouri in Iron County about 80 miles south of St Louis, and 17 miles south of Farmington.
Apartments are on Hwy 21 near Hospital, Post office, stores and restaurants.
Currently 96% occupied with an 8% Cap rate. $2,750,000
Location
State MO
County Iron
Area 717 - Arcadia Valley
Interior
Cooling Central Air, Wall Unit(s), Window Unit(s)
Fireplace N
Exterior
View Y/N No
Building
Structure Type Frame
Schools
Elementary Schools Arcadia Valley Elem.
Middle Schools Arcadia Valley Middle
High Schools Arcadia Valley High
School District Arcadia Valley R-Ii
Others
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Schools and Properties Nearby