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101 W Vermont ST King City, MO 64463
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Key Details
Sold Price $325,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2495758
Sold Date 08/12/24
Annual Tax Amount $2,200
Lot Size 5,500 Sqft
Acres 0.12626262
Lot Dimensions 50 x 110
Property Sub-Type Business Opportunity
Source hmls
Property Description
Apartment complex with 7 apartments and 2 commercial spaces in charming small town. Located on a prime corner lot in King City this exceptional apartment complex presents a lucrative investment opportunity. With a total of 7 apartments (5 - 1 bedroom, 1 bath and 2 - 2 bedroom, 1 bath) and 2 spacious commercial units, this property offers a perfect blend of residential and commercial opportunity. Situated in a small town, this apartment complex offers a tranquil and welcoming community environment. Residents will appreciate the close proximity to local amenities, including shops, restaurants, city hall and the post office. The towns charm and friendly atmosphere make it an ideal location for people seeking rural living. The complex is bringing is a gross monthly income of $4300 or $51,600 annually. This property provides a 12.7% NET ROI. Dont miss this exceptional investment opportunity to own a well designed apartment complex with 7 apartments and 2 commercial spaces in King City. Whether you are looking to generate rental income or establish your own business, this property is sure to deliver both!
Location
State MO
County Gentry
Zoning No
Interior
Fireplace N
Exterior
Utilities Available Other, Septic System, Water/Sewer
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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