NOT LISTED FOR SALE

Sikeston, MO 63801

32 Beds
32 Baths
14,246 Sq Ft
2.78 Acres

Last Sold October 31, 2018

90 Days on Market

Highlights

  • In Ground Pool
  • Breakfast Area or Nook
  • Building Terrace
  • Great Room
  • Brick Veneer
  • Forced Air Heating and Cooling System

About This Home

As of October 2018

LOOKING FOR GREAT CASH FLOW? Outstanding, fully occupied 16 unit Apt Building in great location outside city limits on 2.77 acres * 2017 Gross Annual Rental Income $95,000 * 10% Cap Rate ! * 15 units at $500/mo per unit, 1 unit at $425/mo * Each unit is a 2 BR, 1.5 BA Townhome with privacy fenced patios & ample parking * Property also includes nice 3 BR, 2 BA modular home on concrete block foundation (occupied by on site manager) * A separate building features very nice 2BR, 1BA owner’s apartment, office, laundromat and storage * Additional future rental income possible with modular home and owner’s apartment * Attractive, fenced in 20 x 40 in-ground pool available for tenants …. Concrete bottom w/fiberglass sides * All Electric * County Water * Metal Roofs * Well maintained property * Same owner last 25 years * Interior photos of apartment in the photo link are of the Owner’s apartment * Call Today !

Last Listed By

Marlene Bell

Edge Realty License #1999110537 Listed on: 06/22/2018

Edge Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1974

Lot Details

  • 2.78 Acre Lot
  • Lot Dimensions are 269 x 479
  • Rural Setting
  • Sprinkler System

Home Design

  • Brick Veneer
  • Vinyl Siding

Interior Spaces

  • 14,246 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven or Range

Parking

  • Over 1 Space Per Unit
  • Parking Lot
  • Unassigned Parking

Pool

  • In Ground Pool

Schools

  • Lee Hunter Elem. Elementary School
  • 5Th & 6Th/7Th & 8Th Middle School
  • Sikeston Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Tenant pays for cable tv/satellite
  • Assessor Parcel Number 19-2.0-10.00-004-002-003.00

Community Details

Overview

  • 6 Buildings
  • 16 Units
  • Low-Rise Condominium

Amenities

  • Building Terrace
  • Coin Laundry

Property Details

Home Type

Apartment

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apartment Complex, Townhouse
  • Age: 44
  • Ownership: Private
  • Year Built: 1974
  • Directions: Hwy 61, W on Salcedo, N on Hwy BB approx. 1.5 mi. property on left.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Coin Operated, Common Laundry
  • Square Footage: 14246

Exterior Features

  • Construction: Brick Veneer Decrtv, Vinyl Siding

Garage/Parking

  • Parking: 2+ Space/Unit, Parking Lot, Unassigned

Utilities

  • Sewer: Aerator, Septic
  • Water: Public
  • Water Heater: Electric
  • Cooling: Ceiling Fan, Central-Electric
  • Heating: Forced Air

Schools

  • School District: Sikeston R-6
  • Elementary School: Lee Hunter Elem.
  • Middle School: 5th & 6th/7th & 8th
  • High School: Sikeston Sr. High
  • Elementary School: Lee Hunter Elem.
  • Junior High School: 5th & 6th/7th & 8th
  • School District: Sikeston R-6
  • Senior High School: Sikeston Sr. High

Lot Info

  • Lot Dimensions: 269 x 479
  • Lot Sq Ft: 121097
  • Location: Rural
  • Acres: 2.7800

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Cable TV/Satellite

Multi Family

  • Building Info: Sprinkler System
  • Building Number: 6
  • Bulding Exterior: Some Balc/Some Terrc, In Ground Pool
  • Gross Operating Income: 95863.00
  • Total Units: 16
  • Total Expenses: 33001.00

Tax Info

  • Taxes Paid: 4271
  • Assessor Parcel Number: 19-2.0-10.00-004-002-003.00

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold -- -- --
06/22/2018 06/22/18 For Sale $599,900 -- $42 / Sq Ft
Source: MARIS MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marlene Bell

    Seller's Agent in 2018

    Marlene Bell

    Edge Realty

    (573) 604-2355

    353 Total Sales

    Marlene Bell
    Section Image
  • Tim Merideth

    Buyer's Agent in 2018

    Tim Merideth

    Century 21 Ashland Realty

    (573) 620-1794

    59 Total Sales

    Tim Merideth
    Section Image
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Source: MARIS MLS

MLS Number: MAR18050666

MARIS MLS

Missouri Scott County Sikeston

63801

Homes for Sale in Sikeston, MO

This home since 22 June 2018. This property was built in 1974. This home is a home located in Scott County with nearby schools including Sikeston Senior High School.

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