745 -771 Wabash & 770-790 Smith, Truesdale, MISSOURI 63380

$1,200,000
List Price
$1,200,000
Days on Market
38
MLS#
19080306
Status
ACTIVE
Lot Size
871
Acres
0.02
Year Built
2004
Age
15
Municipality
Warrenton
County
Warren
Listing Type
Multifamily

Property Description

Looking for a Value Add property that is already CASH FLOWING? You have found it! Located just 20 minutes west of Wentzville, this property includes 5 buildings for a total of 24 units. Two buildings have new roofs in the past year. Includes a mix of 1 and 2 bedroom apartments AND 2 and 3 bedroom Townhome units. Many units have been updated with long-term tenants in place. Currently under Professional Management. Management Company would like to remain in place. Current Gross Rents bring in approximately $153,000 annually. Pro-Forma rents total $180,600 annually. These units are located in an OPPORTUNITY ZONE and qualify for 3 different tax benefits as outlined in the Tax Cuts and Jobs Act of 2017 (TCJA). See attachments or check with your CPA for additional information. Currently, there are 5 vacant units with 1 or 2 units finishing up improvements and renters lined up. This is an AS IS sale.

Additional Information

Gross Operating Income
153000
Total Expenses
$65,000
School District
Warren Co. R-III
Elementary School
Daniel Boone Elem.
Jr. High School
Black Hawk Middle
Sr. High School
Warrenton High
Construction
Frame, Vinyl Siding
Parking Description
1 Space/Unit
Cooling
Wall Unit(s), Central-Electric
Sewer
Public
Heating
Baseboard, Forced Air
Water
Public
Heat Source
Electric
Taxes Paid
12228
Selling Terms
Cash, Conventional

Mortgage Calculator

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Listing courtesy of Coldwell Banker Gundaker-Chesterfield West.

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