D
Seller's Agent in 2022
David Schott
Acar Real Estate, Inc
14
Beds
1
Bath
6,600
Sq Ft
6,534
Sq Ft Lot
About This Home
As of December 2022Attention 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
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -- | -- | -- |
| 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 Compared to Growth
Agents Affiliated with this Home
-
-
Joyce Thomas / Shelley Klossner
Buyer's Agent in 2022
Joyce Thomas / Shelley Klossner
RE/MAX Heart Of America
(573) 368-1296
28 in this area
44 Total Sales
-
Joyce Thomas
Buyer's Agent in 2022
Joyce Thomas
RE/MAX
(573) 647-6285
103 in this area
160 Total Sales
-
Michael Woessner
Seller's Agent in 2015
Michael Woessner
Investment Realty, Inc.
(573) 578-4050
119 in this area
257 Total Sales
-
G
Buyer's Agent in 2015
Gene McFarland
Investment Realty, Inc.
Map
Source: MARIS MLS
MLS Number: MIS22061280
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