NOT LISTED FOR SALE

608 N Walnut St Rolla, MO 65401

14 Beds
1 Bath
6,600 Sq Ft
6,534 Sq Ft

Last Sold December 30, 2022

100 Days on Market

About This Home

As of December 2022

Attention Investors! Possibilities abound with this well-situated rental property which can bring solid passive income into the future. Located just blocks from MS&T and Downtown Rolla, this well maintained 14-bedroom apartment complex has been recently renovated w/ hardwood floors throughout. It is fully leased through July 2023. Divided into 3 large units that have been rented to larger groups in the past. Property is currently rented on a room-by-room basis to 14 University Students with utilities included. Current gross income totals over $5300/ month.

Continue to rent to students based on the close proximity to MS&T or live in one unit and rent the others. This property also falls within the Rolla Arts and Entertainment Overlay District which allows for a variety of business types including: Cafes/Restaurants, Dance/Yoga Studios, Antique Stores, Art Galleries, Coffee Shops, Jewelry Stores, Barber/Beauty Shops, Book Stores and many more (see attached map and information).

Last Agent to Sell the Property

David Schott

Acar Real Estate, Inc License #2018015566 Listed on: 09/20/2022

Last Buyer's Agent

Joyce Thomas / Shelley Klossner

RE/MAX Heart Of America License #SCBR

RE/MAX Heart Of America

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 6,534

Home Design

  • 6,600 Sq Ft Home
  • Stucco

Parking

  • 2 Parking Spaces Included
  • Over 1 Space Per Unit
  • On-Street Parking

Schools

  • Mark Twain Elem. Elementary School
  • Rolla Middle School
  • Rolla Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Laundry in unit
  • 6,534 Sq Ft Lot

Community Details

  • 14 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Tenant pays for no utilities
  • Assessor Parcel Number 71-09-1.0-12-002-005-003.000

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Exterior En
  • Cross Street: 7th St
  • Municipality Township: Rolla
  • Age: 102
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Lndry Connect all Un
  • Square Footage: 6600

Exterior Features

  • Construction: Stucco

Garage/Parking

  • Parking: 2+ Space/Unit, On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Cooling: Central-Electric, Window Unit(s)
  • Heating: Forced Air

Schools

  • Elementary School: Mark Twain Elem.
  • Junior High School: Rolla Middle
  • School District: Rolla 31
  • Senior High School: Rolla Sr. High

Lot Info

  • Lot Dimensions: .15 acres
  • Lot Sq Ft: 6534
  • Location: City
  • Acres: 0.1500

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: No Utilities

Multi Family

  • Building Number: 1
  • Gross Operating Income: 5300.00
  • Total Units: 14
  • Total Expenses: 1000.00

Tax Info

  • Taxes Paid: 893
  • Assessor Parcel Number: 71-09-1.0-12-002-005-003.000
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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 Prior Sale
12/30/2022 12/30/22 Sold -- -- --
12/30/2022 12/30/22 Pending -- -- --
09/20/2022 09/20/22 For Sale $529,000 +561.3% $80 / Sq Ft
03/31/2015 03/31/15 Sold -- -- -- View Prior Sale
03/31/2015 03/31/15 For Sale $80,000 -- $12 / Sq Ft
02/23/2015 02/23/15 Pending -- -- --
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 $1,137 $21,780 $2,920 $18,860
2024 $1,038 $19,310 $2,170 $17,140
2023 $1,045 $19,310 $2,170 $17,140
2022 $887 $19,310 $2,170 $17,140
2021 $893 $19,310 $2,170 $17,140
2020 $810 $17,080 $2,170 $14,910
2019 $805 $17,080 $2,170 $14,910
2018 $798 $17,080 $2,170 $14,910
2017 $797 $17,080 $2,170 $14,910
2016 $771 $17,080 $2,170 $14,910
2015 -- $17,080 $2,170 $14,910
2014 -- $17,080 $2,170 $14,910
2013 -- $17,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS22061280

MARIS MLS
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