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Listed by Mike Bowman Murney Associates - Primrose

$ 585,000

Est. payment -/mo

Save

Pending

41 Northridge Drive #1-11 Marshfield, MO 65706

8,120 SqFt

UPDATED:

02/05/2025 07:41 PM

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 8,120 sqft

Price per Sqft $72

MLS Listing ID SOM60279554

Year Built 1960

Annual Tax Amount $1,972

Tax Year 2023

Lot Size 3.840 Acres

Acres 3.84

Property Sub-Type Residential Income

Property Description

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**

Location

State MO

County Webster

Interior

Interior Features Apply To Some, Utility Room, Handicap Access, Storage

Heating Base Board

Cooling Window Unit(s), Ceiling Fan(s)

Fireplace N

Appliance Range/Oven, Refrigerator

Exterior

Parking Features 1 per Unit

Community Features Common Laundry

Utilities Available Electricity, Tenant Pays Part, Tenant Pays, Separate Meters, Water Available, Trash, Sewer Available

Waterfront Description None

View Mountain(s), Year Round, Panoramic

Roof Type Composition

Garage No

Building

Sewer Septic Tank, Septic System

Water Private Well, Well

Structure Type Brick,Wood Frame,Vinyl Siding,Stone

Schools

Elementary Schools Marshfield

Middle Schools Marshfield

High Schools Marshfield

Others

Acceptable Financing Cash, 1031 Exchange, Conventional

Listing Terms Cash, 1031 Exchange, Conventional

Tracey Lightfoot

Broker | License ID: 2013014900

+1(417) 251-3039 | traceysellsbranson@gmail.com