NOT LISTED FOR SALE

118 S Main St Chaffee, MO 63740

Estimated Value: $152,744

5 Beds
2 Baths
2,795 Sq Ft
$55/Sq Ft Est. Value

Last Sold June 22, 2023

Current estimated payment $836/month

15 Days on Market

Highlights

  • Brick or Stone Veneer
  • Downtown Location
  • Baseboard Heating
  • Guest Parking
  • Central Air
  • Coin Laundry

About This Home

As of June 2023

INVESTOR ALERT – TOTAL LIST PRICE OF PROPERTY IS $375,000 AND INCLUDES BOTH 116 S. Main (4 UNIT Apartment Building) and 118 S. Main (5 Unit Apt Building) * These are two buildings with separate parcel #s – the adjoin each other * 5 unit apt building at 118 S. Main itself is an Outstanding Value and Great Income Producer – amazing Cap Rate of approx. 13% based on Market Value of $175,000 for 118 S. Main * One Efficiency Apt. - $450 * Three 1BR, 1BA - $475, $425, $425 * One 2BR, 1 BA- $575 * Gross Operating Income: $29,100 * Coin operated laundry on 2nd floor shared with tenants in 116 S. Main * Plus Apt. #4 has w/d hookups * Tenants pay electric * Small garage in rear *

Last Agent to Sell the Property

Marlene Bell

EDGE Realty ERA Powered License #1999110537 Listed on: 04/25/2023

EDGE Realty ERA Powered

Last Buyer's Agent

Marlene Bell

EDGE Realty ERA Powered License #1999110537 Listed on: 04/25/2023

EDGE Realty ERA Powered

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1946

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 25x140
  • Downtown Location

Home Design

  • 2,795 Sq Ft Home
  • Brick or Stone Veneer

Parking

  • Guest Parking
  • On-Street Parking
  • Parking Garage Space

Schools

  • Chaffee Elem. Elementary School
  • Chaffee Jr.-Sr. High Middle School
  • Chaffee Jr.-Sr. High School

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric
  • Assessor Parcel Number 04-4.0-18.00-001-018-008.00

Community Details

Overview

  • 5 Units
  • Low-Rise Condominium

Amenities

  • Coin Laundry

Property Details

Home Type

Apartment

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex
  • Age: 77
  • Ownership: Private
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Coin Operated
  • Square Footage: 2795

Exterior Features

  • Construction: Fl Brick/Stn Veneer

Garage/Parking

  • Parking: Guest Parking, On Street Parking, Parking Garage

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Baseboard

Schools

  • Elementary School: Chaffee Elem.
  • Junior High School: Chaffee Jr.-Sr. High
  • School District: Chaffee R-II
  • Senior High School: Chaffee Jr.-Sr. High

Lot Info

  • Lot Dimensions: 25x140
  • Lot Sq Ft: 3920
  • Location: Downtown
  • Acres: 0.0900

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric

Multi Family

  • Building Number: 1
  • Gross Operating Income: 29100.00
  • Total Units: 5
  • Total Expenses: 7097.93

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 488
  • Assessor Parcel Number: 04-4.0-18.00-001-018-008.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Jun 22, 2023
Sold by
Inhessments Llc
Bought by
Property Cousins Llc
Seller's Agent
Marlene Bell
EDGE Realty ERA Powered
Buyer's Agent
Marlene Bell
EDGE Realty ERA Powered
List Price
$175,000
Views
33
Current Estimated Value
$152,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$340,641
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Property Cousins Llc $465,500 United Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Property Cousins Llc $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2023 06/22/23 Sold -- -- --
04/25/2023 04/25/23 For Sale $175,000 -43.5% $63 / Sq Ft
03/10/2022 03/10/22 Sold -- -- -- View Prior Sale
01/12/2022 01/12/22 Pending -- -- --
12/14/2021 12/14/21 Price Changed $309,900 0.0% $111 / Sq Ft
12/14/2021 12/14/21 For Sale $309,900 +3.3% $111 / Sq Ft
11/23/2021 11/23/21 Off Market -- -- --
10/31/2021 10/31/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $299,900 -- $107 / Sq Ft
Source: MARIS MLS

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
2025 $506 $9,500 $0 $0
2024 $5 $8,560 $0 $0
2023 $505 $8,560 $0 $0
2022 $488 $8,250 $0 $0
2021 $498 $8,250 $0 $0
2020 $563 $7,940 $0 $0
2019 -- $7,940 $0 $0
2018 -- $7,940 $0 $0
2017 -- $7,940 $0 $0
2014 -- $11,360 $0 $0
2011 -- $11,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MARIS MLS

MLS Number: MIS23022182

MARIS MLS

APN: 04-4.0-18.00-001-018-008.00