2106 North Benton Avenue, Springfield, MO 65803
$232,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
20,038
Status:
Pending
Current Price:
$232,000
List Date:
4/20/2024
Last Modified:
4/23/2024
Description
INCREDIBLE INVESTMENT OPPORTUNITY to build your portfolio with this property including 2 separate duplexes with a total of 4 units. One duplex is 1,384 sq ft (two 1 BR 1 BA units each 692 sq ft). The other duplex is 1,752 sq ft (two 2 BR 1 BA units each 876 sq ft). Three of the units are on a lease through February 2025. The 4th unit (which is 1 BR 1 BA) will be vacant at closing. Rent income at the time of closing is $2,035 for the 3 occupied units. New owner could live in the fourth unit or rent it out for additional income. Another huge perk is that the property has been approved to add a 3rd duplex on the property for even more cash flow potential. Each unit has its own laundry area, baseboard heat, and window AC units which were new in 2018/2019. Utilities are metered separately and tenants' responsibility. Please do not disturb tenants. Only preapproved buyers. This is a great location close to colleges, C-Street shopping, restaurants, and entertainment. Instant cash flow on this income producing property with potential to grow even more. Whether you're looking to purchase and live in one unit while collecting rent in the others - or just looking for a great ROI for a 1031 or building your investment portfolio - this unique property is has so much to offer including a rare 8-10% cap rate! SHOWN BY APPT ONLY - DO NOT DISTURB TENANTS
More Information MLS# 60266401
Contract Information
Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2024-04-20
Transaction Type: Sale
List Price: $232,000
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell
Location, Tax and Other Information
Street #: 2106
Street Direction: North
Street Name/Route: Benton
Suffix: Avenue
County: Greene
State/Province: MO
Zip Code: 65803
Inside City Limits: Yes
Subdivision: Ozark Land Co
Tax ID: 88-13-12-212-028
Real Estate Tax: 1513.43
Tax Year: 2023
RE Tax Provided By: Assessor Records
Legal Description: OZARK LAND CO 2ND ADD S1/2 LOT 82 & LOT 83 (EX E 50 FT S 29 FT)
Zoning: INC
General Property Description
SqFt-Aprx: 3136
SqFt Finsh'd & Unfnsh'd: 3000 - 3199
Aprx Year Built: 1973
Total Monthly Rent: 2570
Number of Units: 4
# One Bedroom Units: 2
# Two Bedroom Units: 2
Aprx Lot Size (Acres): 0.46
Lot Dimensions: Acres
Elementary School: SGF-Robberson
Middle School: SGF-Reed
High School: SGF-Hillcrest
Waterfront/View: None
Lake/River: None
Remarks & Misc
Directions: From Kearney and Glenstone, go west on Kearney to Benton. Turn left/south onto Benton. Property is down on the left/east side of the road. Driveway entry to parking is between the two duplexes.
Status Change Info
Status: Pending
Under Contract Date: 2024-04-22
Listing Info
Commission Buyer Agy: 3
Comm Buyer Ag Type: %
Commission Sub Agy: 3
Commission Sub Agy Type: %
Commission Trans Brkr: 3
Comm Trans Brkr Type: %
Baths
Each Unit: 1
Property Features
Unit Features: Carpet; Washer/Dryer Hookup
Appliances: Oven/Range
Cooling: Ceiling Fans; Window Unit(s)
Heating: Base Board
Buildings: Two Buildings
Construction: Vinyl Siding
Roofing Material: Composition
Water: City Water
Sewer: City Sewer
Utilities: Electricity; Separate Meters; Sewer; Tenant Pays; Water
Flood Insurance: Not Required
Type of Tenancy: Lease
Possession: At Closing
Will Sell: 1031 Exchange; Cash; Conventional; FHA; VA; See Remarks
Listing Office: Century 21 Integrity Group
Last Updated: April - 23 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than the website owner are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is not guaranteed and should be verified by the consumer and is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers wish to purchase. Any representation that a web site contains all listings shall only mean that the web site contain all listing available to the public through the IDX data feed and other available properties may not be displayed on this site. © 2023 Southern Missouri Regional MLS, LLC All rights reserved.
