Cash Flow Day 1on this Duplex in SW Columbia MO

Boone County, Columbia, MO, 65203
Sold
Listed at: June 27th, 2024
Price
$185,000
ARV
$250,000
Gross Margin
$65,000
Sq. Footage
2344
Type
Multifamily
Parking
Driveway
Year build
1972
Lot size
0.25 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

2/1 on each side Duplex. One side fully renovated in 2023 other side is a 10+ year long term tenant. Both sides tenanted and lease expiration is in July.  Unit 1: recently renovated brings in 900 per mo, tenant coming up on 1 year anniversary. Unit 2: currently 575 per mo with long term tenant. Value add jsut cosmetic on the second unit to bring to market rent. FMR with Sec8 is  is 1040 for a 2/1 in Columbia MO Siding, AC, Roof all less than 10 y/o. Contract for Assignment. 

Cash flow day 1 or value add to increace margin in a market that has consistently appreciated at above 7% YOY 

Property is in SW Columbia off Bethany right next to the Scott Trailhead access for the Katy Trail

Beulah Ralph, Smithton and RBHS

Reach out to Daniel  ASAP @ 573-823-5739 to add this to your portfolio. 

 

 

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Daniel Burke-Aguero

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