$530,000

Details for 11 Countryside Villa Lane, Brumley, Missouri 65017

Updated

3 duplexes - 6 units. Owner has never had more than one month of vacancy since 2012. All tenants are on year leases, owner renews the leases year by year, no month to month leases. All leases include water & sewer, and appliances included for all units are: washer/dryer, stove, fridge, dishwasher, garbage disposal and microwave. Owner is in the process of raising all rents as the leases come due to $700 per month. Very easy maintenance, almost no common area maintenance expense per year. Great opportunity to provide yourself with some cash flow in real estate ownership. Current CAP Rate is 7.81%. After all rents have been raised, CAP rate will be 8.17%. Where else can you find an 8% return on your money? Property comes with 4 acres, but more can be had if desired for additional buildings. Taxes shown are for the entire property, along with owners private shop. Once subdivided, taxes should be around $2400 per year.

  • Amenities
    Ac
  • Lot Size
    4 Acres
  • Mls Id
    3523231
  • Price
    $530,000
  • Square Feet
    5,400
  • Year
    2012

11 Countryside Villa Lane, Brumley, Missouri 65017

Listing Provided by

  • JUSTIN R FARRELL, LLC/ FARRELL, JUSTIN
  • (573) 348-2181

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