Multi-Family for Sale: , Lebanon, MO 65536

33,904 sqft
, Lebanon, MO 65536
33,904 sqft
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Type: Multi-Family
Square Feet: 33,904 sqft
Lot Size: 4.45 acres
Year Built: 1999
Taxes Paid: $7,043

Area: Lebanon
County: Laclede
School District: Lebanon R-III
Subdivision: Lebanon Sundance Apartments

MLS: 21009770
Status: Active
DOM: 73 days
Lebanon Sundance Apartments is a well maintained two building low rise apartment complex located in Lebanon, MO with easy on/off to I-44 and immediate proximity to all local services and amenities. This is an attractive affordable housing community designed to provide affordable rent to moderately low and middle income individuals and families. There is a strong rental demand for these units, hence a low vacancy rate. Property has an onsite Property Manager and office. Landlord pays water, sewer and trash, and, Tenants pay their other utilities. There is an onsite walking trail, picnic area, volley ball court and playground, plus plenty of open space. This is a stable and profitable investment showing a 5.5 cap rate and the ability to increase rents 7% per year. There is a tremendous windfall profit potential in 2028 when property is released from LIHTC program and able to achieve market rents (see LIHTC Program addendum).Shown by appointment only. Sale subject to MHDC approval.

Lot & Building Features

Construction: Brk/Stn Veneer Frnt, Vinyl Siding, Frame
Cooling: Central-Electric
Heat Source: Gas
Heating: Forced Air, Individual Furnaces
Parking Description: 2+ Space/Unit, Parking Lot
Sewer: Public
Tax ID: 13-5-0-22-001-001-007.000
Tax Year: 2020
Taxes Paid: $7,043
Water: Public
Water Heater: Gas
Lot Dimensions: 390'x500'x385'x500' ft

Community and Schools

Elementary School: Lebanon RIII
Junior High School: Lebanon Jr. High
Senior High School: Lebanon Sr. High

Price History of , Lebanon, MO

Date Name Price Difference
02/21/2021 Listing Price $1,995,000 N/A
*We provide this information for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Marshall Realty Partners
Listed by Keller Williams Greater Spring, David Waln
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Listing information courtesy of: Keller Williams Greater Spring

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