41 Northridge Drive new Save Request In-Person Tour Request Virtual Tour
Marshfield,MO 65706
Key Details
Property Type Multi-Family
Sub Type Duplex/Triplex/Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,120 sqft
Price per Sqft $72
MLS Listing ID 60279554
Year Built 1960
Annual Tax Amount $1,972
Tax Year 2023
Lot Size 3.840 Acres
Property Description
RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%.This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include:- 3.84 +- Acres- 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance)- 3 Buildings (brick, stone, or vinyl siding)- 8,120 +- Rentable Sq Ft between all units- Very close to Highway I-44 (Only 15 minutes to Springfield!)- Window unit air in all units- Baseboard heating in all units- Individually metered for utilities (tenant pays part)- Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating)- A new Well was recently installed, which services all units for water- And more!This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**
Location
State MO
County Webster
Interior
Heating Base Board
Cooling Ceiling Fans,Window Unit(s)
Exterior
Utilities Available Electricity,Separate Meters,Sewer,Tenant Pays,Tenant Pays Part,Trash,Water
Amenities Available Central Laundry
Waterfront Description None
View Mountain,Panoramic,Year Round
Building
Sewer Septic,Septic Tank
Water Well,Well - Private
Schools
Elementary Schools Marshfield
Middle Schools Marshfield
High Schools Marshfield
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional