NOT LISTED FOR SALE

107 E Franklin St Green Ridge, MO 65332

Estimated Value: $549,000 - $610,705

3 Beds
1 Bath
28,200 Sq Ft
$21/Sq Ft Est. Value

Last Sold December 02, 2024

Current estimated payment $3,543/month

16 Days on Market

About This Home

As of December 2024

New construction at an incredible price point! Invest in this 2020-2023 constructed portfolio in charming Green Ridge, Missouri. Featuring a total of nine buildings on three parcels, this portfolio is comprised of three single-story fourplexes, five single-story duplexes, and one twelve-unit building. With desirable 3 bed/2 bath and 2 bed/1 bath floorplans, the portfolio offers versatility in a market with strong renter demand and no other new construction. Each unit features modern finishes, including granite countertops, stylish kitchen cabinetry, LVP flooring in kitchens and baths, and new appliances. Coinvent common laundry facilities are available for all buildings without in-unit washer dryer and there is ample parking right in front of the buildings. All of the duplexes on have in-unit washer/dryers in addition to being single story. The sale of this portfolio also includes 12 storage units for residents at 201 S Illinois St and 6 storage units at N Magnolia St. Green Ridge is ideally located between Sedalia and the Whitman Air Force Base. The community boasts employment opportunity, friendly community, excellent schools, and small-town charm. The largest local industries include manufacturing, educational services, and healthcare. The nearby city of Sedalia, about 15 miles away, offers more employment options, including major employers like Tyson Foods, State Fair Community College, and Bothwell Regional Health Center. Whitman Air force base is home to approximately 15,000 service members and their families. Don’t miss the chance to add this turnkey new construction investment to your portfolio!

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 09/30/2024

Last Buyer's Agent

Chad Murray

ReeceNichols- Leawood Town Center License #2017001935

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,904

Year Built

  • Built in 2021

Lot Details

  • 1.03 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 28,200 Sq Ft Home
  • 3-Story Property

Utilities

  • Central Air
  • Separate Meters
  • Master Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 201101236003000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 34 Units

Building Details

  • Gross Income $323,639

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,904

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Year Built: 2021
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Sold
  • Operating Expense: 84675
  • Age Description: 3-5 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Yes
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Stories: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Concrete, Frame, Vinyl Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Electric
  • Heating: Electric
  • Sewer: City/Public
  • Utilities: Master Meters, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public - Verify

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Accurate Title

Schools

  • Junior High Dist: Green Ridge

Lot Info

  • Zoning: RES
  • Building Area Total: 28200
  • Lot Size Sq Ft: 44911
  • Parcel Number: 201101236003000
  • Subdivision Name: Other
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 34

Rental Info

  • Existing Lease Terms: Month To Month,One Year Lease

Multi Family

  • Gross Income: 323639
  • Current Occupancy Rate: Over 95%
  • Unit Count: 3
  • Gross Multiplier: 9.27

Tax Info

  • Tax Annual Amount: 21904
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2019
Sold by
Jacqueline Crawford
Bought by
Jml Remodeling Llc
Current Estimated Value
$579,853
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jml Remodeling Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2024 12/02/24 Sold -- -- --
10/16/2024 10/16/24 Pending -- -- --
10/12/2024 10/12/24 Price Changed $3,000,000 +81.3% $106 / Sq Ft
09/30/2024 09/30/24 For Sale $1,655,000 -- $59 / Sq Ft
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,171 $82,220 $1,710 $80,510
2023 $4,936 $82,220 $1,710 $80,510
2022 $4,919 $82,060 $1,550 $80,510
2021 $4,902 $82,060 $1,550 $80,510
2020 $360 $6,030 $1,550 $4,480
2019 $358 $3,600 $760 $2,840
2017 $217 $3,600 $760 $2,840
2016 $213 $3,600 $760 $2,840
2015 $211 $3,600 $760 $2,840
2014 $277 $4,710 $610 $4,100
2013 -- $4,710 $610 $4,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2512555

Heartland MLS

APN: 201101236003000