$1,118,000
$1,275,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
204 S 2nd ST Linn, MO 65051
13,680 SqFt
Key Details
Sold Price $1,118,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 13,680 sqft
Price per Sqft $81
Subdivision Original Town Of Linn
MLS Listing ID 22036114
Sold Date 08/16/22
Style Low/1-2
Year Built 2017
Annual Tax Amount $12,268
Lot Size 7.990 Acres
Acres 7.99
Lot Dimensions 00x00
Property Sub-Type 5 Family or More
Property Description
Tower View Estates, a Fantastic 55+ Community, turnkey investment opportunity for sale! 18 total units with 100% occupancy, located in the growing community of Linn, MO. The property includes a total of almost 8 acres & has the opportunity for development expansion for another 9-units. All newer buildings, constructed in 2017. Currently, there are 3 Multi-Fam Buildings consisting of 2 buildings w/ 12 private units offering 1 bed + 1 bath and 1 building w/ 6 private units offering 2 beds + 1 bath. Each building offers complete main-level living with private laundry hookups. There are 36 off-street parking spots, every unit has its own heating/air conditioner with independent thermostats. Rent rolls, financials, and site plan expansion examples are available. There is a high need and demand for senior housing in the area and this investment fits the bill! Over $74k in annual net income with room to grow on future rents and development expansion. This is a Rare OpportunitY, ACT FAST!
Location
State MO
County Osage
Area 423 - Linn R-2 (Gasconade)
Interior
Heating Forced Air, Electric
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry In Unit
Exterior
Parking Features false
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Osage Co. Elem.
Middle Schools Linn High
High Schools Linn High
School District Osage Co. R-Ii
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Read Less
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Bought with Joan MLouis-Saucier
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