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About This Home
This 24-bedroom, 24-bathroom townhouse at 1020 E Washington in Doniphan, MO is listed for $1,700,000 ($100 per sqft). Built in 1982, the home offers 17,028 sqft of living space on a 2.20 acres lot.
Investors take note! This 24 unit apartment complex has the potential to generate $23,276 monthly or $279,312 annually. There is a one bedroom unit being used as an onsite office. This for profit HUD complex offers nice, low maintenance exterior buildings, paved parking for tenants, all in a quiet and flourishing southeast Missouri town where units stay rented! The current manager has a waiting list so vacancies that cut into profits are minimal unless maintenance to the unit requires vacancy! With an onsite manager and management company willing to stay with the purchase, sit back and let the investment pay for itself. This complex generates enough income for the buyer to recoup their investment and still draw profit! There is a rent increase approved for October 1 of this year. The following amounts are current as of date, they will go up based on the amount approved in October.
The complex is comprised of the following:
8-1 bedrooms units that gross $829 each
12-2 bedroom units that gross $985 each
4-3 bedroom units that gross $1,206 each
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Key Features
- Built in 1982
- 2.20 acre lot
Property Details
Monthly Cost Estimate
$9,092/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1020 E Washington
Doniphan, MO 63935
City
Features & Amenities
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 24-bedroom, 24-bathroom townhouse at 1020 E Washington is listed at $1,700,000 ($100/sqft). The estimated monthly payment is $7,367 based on 20% down at 6.5% interest.
Key features include: Built in 1982, 2.20 acre lot. Exterior Features: Sloped.
This property is listed by Tim Hollinger and can be reached at 5737181809 or college21@yahoo.com.