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%.
Lot & Building Features
ConstructionBrick Veneer
CoolingElectric
Heat SourceElectric
HeatingForced Air
Parking DescriptionParking Lot
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensions129X379X166X375 ft
Community and Schools
Elementary SchoolSullivan Elem.
Junior High SchoolSullivan Middle
Senior High SchoolSullivan Sr. High
Price History of 232 Church Street, Sullivan, MO
Date
Name
Price
Difference
05/21/2024
Listing Price
$1,400,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
232 Church Street (MLS #24013730) is a multi-family listing located in Sullivan, MO.
This multi-family listing is on a lot of 56,367 sqft (or 1.29 acres) and is 56 years old. This property was listed on 05/21/2024 and has been priced for sale at $1,400,000.
Nearby zip codes are 65441. This property neighbors other cities such as Bourbon.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: Coldwell Banker Reeves
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