25 Brady, Hillsboro, MO 63050

$1,400,000
List Price
$1,400,000
Days on Market
303
MLS#
16066094
Status
ACTIVE
Lot Size
108,900
Acres
2.5
Year Built
1985
Subdivision
Merry & Oneils Add
Municipality
Hillsboro
County
Jefferson
Listing Type
Multifamily

Property Description

Senior subsidized apartments. 23 one bedroom 600 sq. ft. with rental assistance. 1 unit without. Subsidy runs with the property. Not a tenant voucher. Easy management and waiting list of prospective tenants. On site laundry with modest income. ASSUMABLE LOAN at 10.75 with a government subsidy Sec 515 with interest credit through Dept of Agriculture EFFECTIVE RATE 1%. Additional financing available through USDA/Farm and Home. Possible MHDC rehab loan under preserving affordable housing. Extra land possible for adding extra buildings or other business. Please do not disturb tenants. No sign on property. Owner wants 1031 exchange with sale. Prolong closing may occur.

Want to see this home? Call 844-657-7483

Additional Information

Gross Operating Income
207679
School District
Hillsboro R-III
Elementary School
Hillsboro Elem.
Jr. High School
Hillsboro Jr. High
Sr. High School
Hillsboro High
Construction
Frame, Other
Parking Description
1 Space/Unit
Cooling
Wall Unit(s)
Sewer
Public
Heating
Baseboard
Water
Public
Heat Source
Electric
Taxes Paid
7379
Selling Terms
Assumption, Cash, Conventional, Exchange, Government, Owner May Finance, Specl Fincg Call Agt

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Listing courtesy of Berkshire Hathaway HomeServices Alliance Real Estate.

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