Residential Income for Sale: 41 Northridge Drive, Marshfield, MO 65706

$590,000
$590,000
41 Northridge Drive, Marshfield, MO 65706
$590,000
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Price:
$590,000
Est. payment: Skip to Mortgage Calculator

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Type Residential Income
Total Living Area 8,120 sqft
Lot Size 3.84 acres
Year Built 1960
Taxes Paid $1,972
City Marshfield
County Webster
Subdivision N/A
MLS 60279554
Status Active
DOM 33 days
RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%.This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include:- 3.84 +- Acres- 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance)- 3 Buildings (brick, stone, or vinyl siding)- 8,120 +- Rentable Sq Ft between all units- Very close to Highway I-44 (Only 15 minutes to Springfield!)- Window unit air in all units- Baseboard heating in all units- Individually metered for utilities (tenant pays part)- Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating)- A new Well was recently installed, which services all units for water- And more!This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**

Lot & Building Features

Appliances Range/Oven, Refrigerator
Construction Brick, Wood Frame, Vinyl Siding, Stone
Cooling Ceiling Fan(s), Window Unit(s)
Heating Base Board
Interior Decor Apply To Some, Utility Room, Storage, Handicap Access
Parking Description 1 per Unit
Sewer Septic System, Septic Tank
Tax Year 2023
Taxes Paid $1,972
Water Private Well, Well

Community and Schools

Junior High School Marshfield

Price History of 41 Northridge Drive, Marshfield, MO

Date Name Price Difference
12/31/1969 Listing Price $590,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Inquire about this property

Photo of Anastasia Niederer
Direct: 636-379-2378
Office
5285 Hwy N, Ste 104
St. Charles, MO 63304
636-400-7653
Listed by Murney Associates - Primrose, Mike Bowman
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20%
0.33427627118644%
6.75%
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41 Northridge Drive (MLS #60279554) is a residential income listing located in Marshfield, MO. This is a residential income listing with a lot of 167,270 sqft (or 3.84 acres). This property was listed on 10/08/2024 and has been priced for sale at $590,000.

Nearby zip codes are 65652, 65742 and 65757. This property neighbors other cities such as Fordland, Rogersville and Strafford.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Murney Associates - Primrose