$575,000
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Address not disclosed Bolivar, MO 65613
0.9 Acres Lot
Key Details
Property Type Multi Family
Sub Type Duplex/Triplex/Fourplex
Listing Status Sold
Purchase Type For Sale
Subdivision College Hills
MLS Listing ID SOM60253326
Sold Date 01/22/24
Originating Board somo
Year Built 1978
Annual Tax Amount $2,683
Tax Year 2021
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions 273X143
Property Sub-Type Duplex/Triplex/Fourplex
Property Description
This is a fantastic investment opportunity with a monthly revenue of $5,340 when fully rented at the current lease rate. There are 13 total units that include two separate 4-plexes and a single 5-plex. Two of the units are 2-bed, 1-bath and each have laundry hookups. Of the 11 other units, each are 1-bed, 1-bath. All three multiplexes have had a new roof and siding in 2022, and updates made by Foundation Recovery Systems. The units have newer windows and doors as well as newer wall mounted air conditioners with heat. Each of the 2-bed units have central HVAC. Bolivar is a small, but growing town known for the Bolivar Public Library, First National Bank, and North Ward School, all listed on the National Register of Historic Places. Several software companies are also located in Bolivar including Duck Creek Technologies specializing in P&C insurance software. Located on College street, the units are near HWY 83 with shopping and restaurants just down the road, and also a short distance from Southwest Baptist University where students that are 21 years and older are not required to have university housing. Located less than 17 miles west is Stockton Lake, a favorite spot for fishing, swimming, skiing, scuba diving and especially sailing. Springfield, MO is roughly 30 miles south of Bolivar with regular commuters between the municipalities. In order to ensure a smooth and respectful viewing experience for all parties involved, we kindly request that prospective buyers refrain from disturbing the current tenants residing within our multiplex properties. Call or text with any questions.
Location
State MO
County Polk
Zoning Commercial
Direction From Springfield and Broadway intersection, head South on Springfield and take a right on College. Property will be on the left.
Interior
Interior Features Carpet, Washer/Dryer Hookup
Heating Central
Cooling Central Air, Window Unit(s)
Fireplace No
Heat Source Central
Exterior
Utilities Available Community
Waterfront Description None
Roof Type Composition
Street Surface Asphalt
Building
Sewer City Sewer
Water City
Schools
Elementary Schools Bolivar
Middle Schools Bolivar
High Schools Bolivar
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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