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$3,395,000

Est. payment - /mo

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1 Bath

19.7 Acres Lot

New

19824 State Highway 112 Cassville, MO 65625

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Ethan Ives

ethanives@417realestate.com +1(417) 860-4670

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID SOM60329778

Year Built 1991

Annual Tax Amount $7,749

Tax Year 2025

Lot Size 19.700 Acres

Acres 19.7

Lot Dimensions Approx 1300' x 660'

Property Sub-Type Multi Family

Source somo

Property Description

Investor opportunity near Cassville! This 20 unit complex features six duplexes and an 8-plex, with each 2/1 unit ranging from 750-900 sf in size. Units are all-electric and have been meticulously maintainted, including new roofs on all units, new mini-split HVAC systems, and new windows. All units are low maintenance brick exterior. Occupancy is consistently 90-100%, with a waiting list of interested tenants. Also included in the sale is the owner's home. This is a 3/2.5 single story home built for comfort, luxury, and function. It offers plenty of living space and a functional floor plan. The custom kitchen features beautiful granite counters. A home office and family room on one end could be readily made into additional bedrooms. The patio/pool area is a masterpiece, featuring an 18x36' in-ground heated pool, large hot tub, covered outdoor dining area, and gas firepit. It has been extensively remodeled and updated, and is being sold fully furnished, ready for use as an additional upscale rental. The residence could also be remodeled into a deluxe duplex for additional income streams. A large detached garage offers plenty of parking and storage, and next to it is a newer 1200 sf shop.Also worth noting is the acreage. With nearly 20 acres, there is plenty of room to add more apartments, storage units, cabins, or homes. A pond near the home is stocked with fish. With highway on the west and a county road on the east, access is very good. It is situated just minutes from the golf course, and short drive to Roaring River State Park and Table Rock Lake, two very popular tourist attractions. All in all, this is a remarkable property packaged together for a great investment opportunity. The current cap rate is 5.3%, with a realistic cap rate potential of 6+%.

Location

State MO

County Barry

Zoning Residential

Direction From Cassville, go south on Highway 112 for 2.6 miles. Property is on the left (east) side of the highway.

Interior

Heating Other

Cooling Other - See Remarks, Wall Unit(s), Ceiling Fan(s)

Fireplace No

Appliance Range, Dishwasher, Refrigerator

Heat Source Other

Exterior

Garage Spaces 5.0

Utilities Available Cooperative, Water Available, Trash, High Speed Internet, Electricity Available

Waterfront Description None

Roof Type Dimensional Shingles

Building

Sewer Cesspool, Septic System

Water Private, Other

Structure Type Brick,Frame

Schools

Elementary Schools Cassville

Middle Schools Cassville

High Schools Cassville

Others

Acceptable Financing Cash, 1031 Exchange, Conventional

Listing Terms Cash, 1031 Exchange, Conventional

Listed by Scott Sudkamp Midwest Land Group

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Ethan Ives

MANAGER | REALTOR® | License ID: 2014009178

+1(417) 860-4670

19824 State Highway 112 Cassville, MO 65625

Ethan Ives

Key Details

Location

Interior

Exterior

Building

Schools

Others

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19824 State Highway 112