MLS#26008863
STATUSActive
PROPERTY TYPECommercial -
SUBDIVISIONDoniphan Manor Apartments
Property Description
Investors Dream! 2.2 acres, 6 buildings with 24 apartment units available in this turn-key ready rental complex located in the quaint city of Doniphan. This complex is comprised with 8-1 bedroom units, 12-2 bedroom units and 4-2 bedroom units. All buildings are brick facade with concrete walkways and paved parking lot for tenants. This property is a HUD project with steady monthly income generated in excess of 23k monthly! Yes, that is correct, over 23K monthly gross income! There is a section 8 contract in place for all 24 units that is a for-profit contract, allowing owner to generate income! These for-profit contracts are atypical for section 8 housing, which makes this a rare and beneficial asset for the right buyer. With a property management company and property manager on sight that are willing to stay in place, let this be your next portfolio asset! Call today to schedule your private showing by appointment only. Listed at one million, seven hundred thousand $1,7000,000.
Property Features
Property Type: Commercial -
Cooling: Electric
Heating: Electric
Lot Size: 2.20 Acres
Feature Descriptions
Current Use: Residential
Days on Site: 10
Electric: Three Phase
Exterior: Brick
Parcel#: 137026001034001000
Listed By / Shown By
Listed By
Agency Name: Collins & Associates
Shown By
Agent Name: Michael Simon
Agent Phone: (314) 757-9700
Agency Title: RedKey Realty Leaders
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1020-1 E Washington | MLS# 26008863
This commercial property located at 1020-1 E Washington, Doniphan, MO 63935 is currently listed for sale with an asking price of $1,700,000. Search Doniphan real estate on www.simonsellsstl.com today.