1018 Kingshighway, Rolla, MISSOURI 65401

$699,000
List Price
$699,000
Days on Market
22
MLS#
19071858
Status
ACTIVE
Lot Size
56,192
Acres
1.29
Year Built
1960
Age
59
Subdivision
Kingshighway
Municipality
Rolla
County
Phelps
Listing Type
Multifamily

Property Description

This property is located on Kingshighway next to Burger King, close to I-44. The back of the property is connected to MST golf course. This sale includes: 1. One commercial concrete-block building with many parking lots in front/back. It currently is leased for $700 /month. It has an extra vacant office space for rent now. New HVAC was installed in 2016. Building area is 5,395 s/f. 2. Four pieces of billboards for $1120/month are leased. 3. Extra land on the property. 4.1018 A is a 3 bed/2 bath fully furnished residential rental property for $870/month. Living area is 1,200 s/f. 5. 1018 B is a 2bed/1 bath fully furnished rental residential property for $530/month. Living area is 879 s/f. The two houses were renovated inside-out with new roofs, kitchen appliances, washer/dryer, carpet/vinyl floors, paints and refinished wood floor in 2016. The sale includes furniture in the houses. Residential properties could be converted into commercial use. The land of the property is 1.29 ac.

Additional Information

Gross Operating Income
38640
Total Expenses
$7,146
Parking Description
Additional Parking
Operating Expenses
Lawn Care, Maintenance
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric, Gas
Taxes Paid
5646
Selling Terms
Cash, Conventional

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Listing courtesy of Acar Real Estate, Inc.

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