204 S 2nd ST, Linn, MO 65051
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204 S 2nd ST, Linn, MO 65051
204 S 2nd ST, Linn, MO 65051
204 S 2nd ST, Linn, MO 65051
204 S 2nd ST, Linn, MO 65051

$1,118,000

Est. payment /mo

$1,275,000

12.3%
Est.Price: ?

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204 S 2nd ST Linn, MO 65051

13,680 SqFt

SOLD DATE : 08/16/2022

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

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Listed by Jacob J Stallmann • ELS Real Estate Group, LLC
Bought with Joan MLouis-Saucier

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