NOT LISTED FOR SALE

22140 Main St Reeds Spring, MO 65737

-- Bed
-- Bath
10,000 Sq Ft
0.29 Acres

Last Sold February 25, 2021

7 Days on Market

About This Home

As of February 2021

Back on the market with more updates and a lower price! This 13 unit apartment building was recently remodeled and restored through out into 7 modern studio apartments, 5 two bedroom units and 1 three bedroom apartment with a large balcony, PLUS a 2 car garage and a 1 car garage. This building is making excellent income at a cape rate of 11%, with all tenants on 1 yr leases. Very low expences and good rental history. One unit is left to remodel, all others are updated and rented. Rental manager charges half of first month and 10%

Last Agent to Sell the Property

Carrie Higgs

LPT Realty LLC License #2003032011 Listed on: 12/08/2020

Last Buyer's Agent

Patty Zschoche

Murney Associates - Nixa License #2004006323

Murney Associates - Nixa

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1926

Lot Details

  • 0.29

Home Design

  • Wood Frame Construction
  • Metal Construction or Metal Frame

Kitchen

  • Oven or Range
  • Microwave

Schools

  • Reeds Spring Elementary School
  • Reeds Spring High School

Additional Features

  • 0.29 Acre Lot
  • Central Heating

Community Details

  • 13 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 08-7.0-25-003-012-001.000

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,200

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Levels: Two Stories
  • Lot Size Acres: 0.29
  • Water Body Name: None
  • Subdivision Name: N/A
  • Year Built: 1926
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Water: Yes
  • Appliances Oven Range: Yes
  • Special Features: None

Interior Features

  • Appliances: Microwave, Refrigerator
  • Unit Features:All Units: Yes

Exterior Features

  • Waterfront: No
  • General Property Description:WaterfrontView: None
  • Construction:Wood Frame2: Yes
  • Construction:Metal3: Yes
  • Construction:Concrete Block2: Yes

Garage/Parking

  • Parking Features: One Per Unit
  • Parking:One Per Unit: Yes

Utilities

  • Heating: Central
  • Sewer: City Sewer
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Central2: Yes
  • Utilities Electricity: Yes

Association/Amenities

  • Amenities:Central Laundry: Yes

Schools

  • Middle Or Junior School: Reeds Spring

Lot Info

  • Zoning: commercial
  • Lot Size Sq Ft: 12632.4
  • Parcel #: 08-7.0-25-003-012-001.000

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1200.0

Multi Family

  • Number Of Units Total: 13

MLS Schools

  • Elementary School: Reeds Spring
  • High School: Reeds Spring

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2024
Sold by
Kela-V Llc
Bought by
Hive Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
6.49%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 11, 2022
Sold by
Tindle Taylor A and Tindle Riley B
Bought by
Mills Brian Corbin

Purchase Details

Closed on
Aug 17, 2021
Sold by
Kela-N Llc
Bought by
Kela-V Llc

Purchase Details

Listed on
Dec 8, 2020
Closed on
Feb 25, 2021
Sold by
E & K Real Estate Llc
Bought by
Kela N Llc
Seller's Agent
Carrie Higgs
LPT Realty LLC
Buyer's Agent
Patty Zschoche
Murney Associates - Nixa
List Price
$550,000

Purchase Details

Closed on
Aug 5, 2016
Sold by
Phinney Stanley B
Bought by
E & K Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
3.56%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hive Properties Llc -- None Listed On Document
Mills Brian Corbin -- --
Kela-V Llc -- None Listed On Document
Kela N Llc -- None Available
E & K Real Estate Llc -- Waco Title Company Branson
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hive Properties Llc --
Open Hive Properties Llc $703,000
Previous Owner E & K Real Estate Llc $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold -- -- --
12/14/2020 12/14/20 Pending -- -- --
12/07/2020 12/07/20 For Sale $550,000 -- $55 / Sq Ft
Source: Southern Missouri Regional 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 $1,146 $22,720 -- --
2023 $1,146 $22,720 $0 $0
2022 $1,140 $22,720 $0 $0
2021 $1,154 $22,720 $0 $0
2020 $1,020 $22,720 $0 $0
2019 $1,015 $22,720 $0 $0
2018 $1,013 $22,720 $0 $0
2017 $1,015 $22,720 $0 $0
2016 $795 $22,720 $0 $0
2015 $797 $18,190 $0 $0
2014 $785 $18,190 $0 $0
2012 $786 $18,190 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Missouri Regional MLS

MLS Number: 60179640

Southern Missouri Regional MLS

APN: 08-7.0-25-003-012-001.000