$585,000
SOLD MAR 14, 2025
Last list price

41 Northridge Dr Unit 1-11 Marshfield, MO 65706

-- Bed
-- Bath
-- Sq Ft
3.84 Acres

Recently Sold

118 Days on Market

Highlights

  • Panoramic View
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of March 2025

RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%.

This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include:

- 3.84 +- Acres
- 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance)
- 3 Buildings (brick, stone, or vinyl siding)
- 8,120 +- Rentable Sq Ft between all units
- Very close to Highway I-44 (Only 15 minutes to Springfield!)
- Window unit air in all units
- Baseboard heating in all units
- Individually metered for utilities (tenant pays part)
- Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating)
- A new Well was recently installed, which services all units for water
- And more!

This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**

Last Agent to Sell the Property

Mike Bowman

Murney Associates - Primrose License #2018015257 Listed on: 10/09/2024

Murney Associates - Primrose

Last Buyer's Agent

Kathy Thompson

Springfield Branson Realty License #2005030267

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,972

Year Built

  • Built in 1960

Property Views

  • Panoramic
  • Mountain

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Frame Construction
  • Vinyl Siding
  • Stone

Schools

  • Marshfield Elementary School
  • Marshfield High School

Utilities

  • Baseboard Heating
  • Private Company Owned Well
  • Well
  • Septic Tank
  • Septic System

Additional Features

  • Oven or Range
  • 3.84 Acre Lot

Community Details

  • 11 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 127026003001002000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,972

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex/Triplex/Fourplex
  • Lot Size Acres: 3.84
  • Water Body Name: None
  • Subdivision Name: N/A
  • Garage Yn: No
  • Year Built: 1960
  • Appliances Refrigerators: Yes
  • Water: Yes
  • Appliances Oven Range: Yes
  • Utilities Separate Meters: Yes
  • Views:Mountain: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Unit Features:Utility Room: Yes
  • Unit Features:Extra Storage: Yes
  • Unit Features:Handicap Accessible: Yes

Exterior Features

  • View: Mountain, Panoramic, Year Round
  • Waterfront: No
  • General Property Description:WaterfrontView: None
  • Construction:Vinyl Siding2: Yes
  • Construction:Wood Frame2: Yes
  • Construction:Brick5: Yes
  • Construction:Stone5: Yes

Garage/Parking

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

Utilities

  • Heating: Base Board
  • Sewer: Septic Tank, Septic
  • Heating Yn: Yes
  • Water Source: Well - Private
  • Sewer Septic Tank: Yes
  • Water Well: Yes
  • Sewer Septic: Yes
  • Heating:Baseboard: Yes
  • Utilities Electricity: Yes

Association/Amenities

  • Amenities:Central Laundry: Yes

Schools

  • Middle Or Junior School: Marshfield

Lot Info

  • Zoning: N/A
  • Lot Size Sq Ft: 167270.4
  • Parcel #: 127026003001002000
  • ResoLotSizeUnits: Acres

Rental Info

  • Land Lease Amount: 6875.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1972.23

Multi Family

  • Number Of Units Total: 11

MLS Schools

  • Elementary School: Marshfield
  • High School: Marshfield

Range of Values:

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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 Change Sq Ft Price
03/14/2025 03/14/25 Sold -- -- --
02/04/2025 02/04/25 Pending -- -- --
12/20/2024 12/20/24 Price Changed $585,000 -0.8% --
10/09/2024 10/09/24 For Sale $590,000 -- --
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 $2,035 $39,200 $0 $0
2023 $1,972 $39,200 $0 $0
2022 $1,973 $39,200 $0 $0
2021 $1,972 $39,200 $0 $0
2020 $1,861 $37,940 $0 $0
2019 $1,861 $37,940 $0 $0
2018 $1,756 $35,780 $0 $0
2017 $1,534 $38,360 $0 $0
2016 $1,534 $34,830 $0 $0
2015 $1,464 $33,950 $0 $0
2012 -- $33,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Missouri Regional MLS

MLS Number: 60279554

Southern Missouri Regional MLS

APN: 12-7.0-26-003-001-002.000