Sullivan, MO 63080,232 N Church ST
Sullivan, MO 63080,232 N Church ST
Sullivan, MO 63080,232 N Church ST
$1,400,000
Est. payment /mo
$1,400,000
Est.Price: ?

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15,564 SqFt
SOLD DATE : 07/03/2024

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 15,564 sqft

Price per Sqft $89

Subdivision Ross Add 02

MLS Listing ID 24013730

Sold Date 07/03/24

Construction Status 56

Year Built 1968

Building Age 56

Lot Size 1.294 Acres

Acres 1.294

Lot Dimensions 129X379X166X375

Property Description

H2208 - Sullivan's largest multi-family complex, the Garden Apartments, is finally on the market and looking for a new Owner. This 2 building complex houses 14 - 2 bedroom units (2 are currently being used for storage and are not rented or renovated), and 9 - 3 bedroom units. As per the attached pictures, many units have recently been extensively renovated. All units have newer Trane electric furnaces and central air as well as low E windows. Both buildings have newer roofs, one of which is only 4 years old. One unit is being temporarily kept from the rental pool to allow Investors to see a sample unit without disturbing tenants. Operational income and expense reports are available for qualified and serious potential buyers who are looking for a CAP rate approaching 8%, with the potential (based on area rental amounts) to be closer to 10%.

Location

State MO

County Franklin

Area Sullivan C-2(Frnkl)

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Laundry No Laundry Facil.

Exterior

Parking Type Parking Lot

Building

Sewer Public Sewer

Water Public

Structure Type Brick Veneer

Construction Status 56

Schools

Elementary Schools Sullivan Elem.

Middle Schools Sullivan Middle

High Schools Sullivan Sr. High

School District Sullivan

Others

Ownership Private

Acceptable Financing Cash Only, FHA

Listing Terms Cash Only, FHA

Special Listing Condition None

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Listed by David Plant • Coldwell Banker Reeves
Bought with David Plant

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Sandy Seaton

VP of Real Estate Operations | License ID: 2021043213

+1(636) 532-8580

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