232 N Church Street Sullivan, MO 63080
H2208 - Sullivan's largest multi-family complex, the Garden Apartments, is finally on the market and looking for a new Owner. This 2 building complex houses 14 - 2 bedroom units (2 are currently being used for storage and are not rented or renovated), and 9 - 3 bedroom units. As per the attached pictures, many units have recently been extensively renovated. All units have newer Trane electric furnaces and central air as well as low E windows. Both buildings have newer roofs, one of which is only 4 years old. One unit is being temporarily kept from the rental pool to allow Investors to see a sample unit without disturbing tenants. Operational income and expense reports are available for qualified and serious potential buyers who are looking for a CAP rate approaching 8%, with the potential (based on area rental amounts) to be closer to 10%.
- Property TypeCommercial
- NeighborhoodRoss Add 02
- CountyFranklin
- Taxes$8,758
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusPending
- MLS ID Number24013730
- Home Size Source County Records
- Year Built1968
- Lot Size1.294 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick Veneer
- Parking Parking Lot
- Sewer Public Sewer
- Acreage 1.294
- Water Public
- Property Sub Type Multi Family
- Attached Garage No
- SqFt Above 15564
Interior Features
- Cooling Electric
- Heating Forced Air
- Laundry Features No Laundry Facil.
Exterior Features
- Construction Details Brick Veneer
Community Features
- Association Dues 0
- Township Sullivan
- MLS Area Sullivan C-2(Frnkl)