$24,500,000

Estimated payment $146,569/month

5 Beds
4 Baths
111,254 Sq Ft
$220 Price per Sq Ft

Highlights

  • 13.5 Acre Lot
  • Community Basketball Court
  • High Speed Internet
  • Corner Lot
  • Ductless Heating Or Cooling System
  • Wood Siding

About This Home

127 unit garden style apartment project on the corner of West 18th Ave and Bailey Hill Rd. Property is one tax lot and 13.5 acres with abundant open/green spaces, community room, rec room, basketball court and playground. All units have a ductless heating/cooling unit installed last year. Most buildings have had roofs replaced over the last 10 years. Call the listing agent or have your broker call for a marketing package with all financial information for the project.

Listing Agent

David Holland

Evans, Elder, Brown & Seubert License #200002060 Listed on: 04/21/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $200,095

Year Built

  • Built in 1972

Lot Details

  • 13.5 Acre Lot
  • Property fronts a private road
  • Corner Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 111,254 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 242 Parking Spaces
  • Covered Parking
  • Assigned Parking

Schools

  • Mccornack Elementary School
  • Kennedy Middle School
  • Churchill High School

Utilities

  • Ductless Heating Or Cooling System
  • Mini Split Air Conditioners
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 1046869

Community Details

Overview

  • 127 Units
  • Churchill Area Neighbors Subdivision

Amenities

  • Common Area

Recreation

  • Community Basketball Court
  • Recreation Facilities

Building Details

  • Operating Expense $646,017
  • Gross Income $2,119,731
  • Net Operating Income $1,473,714

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$200,095

Year Built

Built in 1972

Lot Details

13.5 Acres

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1972
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 24500000
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Lot Size Range: Acres10to20

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10 to 19.99 Acres
  • Foundation Details: Slab
  • View: No
  • Lot Features: CornerLot, Level, PrivateRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Covered
  • Attached Garage: No
  • Total Parking Spaces: 242.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: Ductless, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: BasketballCourt, Commons, RecreationFacilities

Schools

  • Elementary School: McCornack
  • High School: Churchill
  • Middle Or Junior School: Kennedy

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 13.5
  • Lot Size Sq Ft: 588060.0
  • Parcel #: 1046869

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 200095.45
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 127
  • Gross Rent Multiplier: 11.56
  • Annual Gross Income: 2119731.0
  • Property Net Operating Income: 1473714.0
  • Annual Operating Expense: 646017.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2026 04/21/26 For Sale $24,500,000 -- $220 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 391707969

Regional Multiple Listing Service (RMLS)
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