32-Unit Sedalia/Knob Noster Package
/2 Multifamily Properties Offered at $850,000 in Multiple Locations
Price: $850,000
Number of Properties: 2
Price / SF: $26.34 / SF
Individually For Sale: 0
Cap Rate: 8.00%
Total Building Size: 32,274 SF
Sale Type: Investment
Total Land Area: 1.15 AC
Status: Active
Listing ID: 15673970
HIGHLIGHTS
Knob Knoster property has a great tenant pool from Whiteman Air Force Base
Six remodeled units
SALE NOTES
This is a perfect example of a value-add multifamily investment in a steady renters market. Sedalia is growing with NuCor bringing 250 jobs paying an average of $65k a year. Knob Knoster has a great tenant pool from Whiteman Air Force Base. This package is ripe for redevelopment and there is an opportunity to double the rents.
PROPERTY HIGHLIGHTS
• 3100-3108 Oak Brook Circle, Sedalia, MO 65301 & 962-966 NE 105th Road, Knob Noster, MO 65336
• 6 units have been remodeled
• Anchored by growing manufacturing business, short supply, and solid demand
• Multiple exit strategies with opportunity to reposition and sell or add value and hold
• 1 Million SF Dollar Tree Distribution Center/NuCor Steel nearby which created over 600 jobs
Contact: Audrey Navarro - Clemons Real Estate