25 Brady, Hillsboro, MO 63050

$1,400,000
List Price
$1,400,000
Days on Market
640
MLS#
16066094
Status
ACTIVE
Lot Size
108,900
Acres
2.5
Year Built
1986
Age
32
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. Additional subsidies to owner from management and maintenance through 515 Rural Rental housing program. Property may be sold without the 515 program and tenants could remain with voucher subsidy. Easy management and waiting list of prospective tenants. On site laundry with modest income. 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 prefers 1031 exchange with sale. Prolong closing may occur with exchange and payoff.

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
Brick Veneer Decrtv, Frame
Parking Description
1 Space/Unit
Cooling
Wall Unit(s)
Sewer
Public
Heating
Baseboard
Water
Public
Heat Source
Electric
Taxes Paid
7054
Selling Terms
Assumption, Cash, Conventional, Exchange, Government, Owner May Finance, Specl Fincg Call Agt

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices Alliance Real Estate.

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