Nixa Real Estate
Nixa, MO 65714
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 13,341SqFt
- 1986Year Built
- 1.03Acres
- MLS# 60304783
- Multifamily
- Duplex/Triplex/Fourplex
- Active
- Approx Time on MarketN/A
- AreaChristian
- CountyChristian
- Subdivision James River Plaza
Overview
LOCATION LOCATION LOCATION! Great Investment Opportunity in this 10 unit, 4 buildings (3 duplexes & 1 four-plex) investment on 2 lots that make up an acre of ground in desirable area between Nixa & Springfield just off CC and 160. Each of the 10 units is 2 bed, 2 baths (3 are 1.5 bath) with garages (4 units have 2 car and 6 units have 1 car garage). Long term tenants that have fulfilled their leases and are currently month to month, so the new landlord can adjust rents to market value. Similar neighboring properties are renting for $1,100-1,300 per month which would put a conservative estimate at $11k/month or $132k/year. Some tenants have lived there over 10 years with no increase, rents were intentionally kept low to ensure occupancy. Units were updated over the years as tenants moved out, so some are more updated than others. Some roofs are new and some are older. Owner is not aware of any outstanding issues with the properties, just general maintenance and intends to sell the property in it's 'as is' condition. One unit is currently empty so prospective buyers may view layout. Please do not disturb other tenants.
Association Fees / Info
Hoa: No
Bathroom Info
Baths Each Unit: 2
Baths: 2 Per Unit
Building Info
Roofing Material: Composition
Year Built: 1,986
Construction: Brick, Wood Frame, Cedar
Transaction Type: Sale
Financial
Type of Tenancy: Lease
Flood Insurance: Not Required
Bed Units Price: Over $450
Yearly Net Oper Inc: Over $25,000
Garage / Parking
Parking: One Per Unit, Two or More
Interior Features
Appliances: Oven/Range, Disposal, Dishwasher, Microwave
Lot Info
Acres: 1.03
Lot Dimensions: 85.98X135 & 110X201.17
Marina Info
Misc
Inside City Limits: No
Other
Foreclosure: No
Property Info
View: No
Buildings: Four or More Buildings, Two Stories, One Story
Streets: Asphalt,Curbs
Zoning: Residential
County: Christian
Property Type: B
View: City
Sale / Lease Info
Will Sell: Cash,1031 Exchange,Conventional
Possession: At Closing,Subject to Tenant Rt
SqFt Info
Sqft: 13,341
Sqft Finshd Unfnshd: 5000 or more
Bed Units Sqft: Over 1, 000 SqFt
Tax Info
Tax Year: 2,024
Re Tax Provided By: Assessor Records
Unit Info
Num Units: 10
Unit Features: Carpet, Washer/Dryer Hookup, Utility Room, Patio/Balcony, Fireplace
Num Two Bedroom Units: 10.00
Utilities / HVAC
Water: City Water
Heating: Forced Air, Central
Cooling: Central, Ceiling Fans
Sewer: City Sewer
Utilities: City, Tenant Pays, Sewer, Gas, Electricity
Waterfront / Water
Lake River: None
Waterfront View: None
Courtesy of listing office EXP Realty LLC
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