205 Elm St, Galena, MO 65656
12 Unit Apartment Building | $995,000 ($82,917/Unit) | 9.99% Cap Rate | Galena, MO 65656
For Sale
Active
Asking Price $995,000
- Property Type
-
Multifamily
- Square Feet
- 5,835 SF
Listing Contacts
Joshua Wells
- Property Info
Property Overview
Amazing investment opportunity, this 12 unit multi-family complex is nestled in the Ozarks just off the James River and minutes (literally like two) away from James River Outfitters Campground! Consisting of 6 studio, 3 one bed, and 3 two bed units the complex has been remodeled within the last 5 years with interior upgrades, separate HVAC units, hot water tanks, electrical, fire walls, and newer roof. Also on property is a 3/2 home that is currently being used as storage, but could be remodeled for an addition unit! Onsite laundry facility on property is another benefit to the tenants plus an addition source of income for the owner. Currently being used as long term rental, but no zoning restrictions for usage as nightly rentals! Here is the best part, this property is already rented at top market value, so the current owners have done the hard work for you! Flood Insurance is not required. All on city water and sewer.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Lot Size (sq. ft)
- 22,216 SF
- Units
- 12
Highlights
- A short walk (.25 miles) to James River Outfitters and Campground
- No zoning restrictions, available immediately for nightly rentals
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].