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    1031 Ivey Lane

    Lebanon, MO 65536
    • $1,995,000
    • STATUS: Active
    • ON SITE: 47 days
    • MLS #: 60183662
    UPDATED: 65 min ago
    $1,995,000
    • 0
      BEDS
    • 4.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 33,904
      SQFT
    • $59
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1999
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    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.

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    The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than Clay & Clay Real Estate Team | powered by Keller Williams) are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contain all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. © 2021 Southern Missouri Regional MLS, LLC. All rights reserved. Data last updated: 2021-04-10T22:51:50.683.

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    1031 Ivey Lane Lebanon, MO 65536

    • Price: $1,995,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 60183662
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.45
    Acres
    33,904
    SQFT
    $59
    $/SQFT
    1999
    Built
    Neighborhood:
    Laclede-Not in List
    County:
    Laclede
    Area:
    Lebanon
    Elementary School:
    Lebanon
    Middle School:
    Lebanon
    High School:
    Lebanon
    Property Description
    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.
    Exterior Features

    Construction BrickVinyl SidingWood Frame Lake River None Parking Two Or More Roofing Material Composition Street Spaces Asphalt View YN No Waterfront View None

    Interior Features

    Appliances DishwasherDisposalOven/RangeRefrigeratorWasher Baths 2 Per Unit Cooling Central Heating CentralForced Air Three Bed Rent Over $400 Three Bed Sq Ft 750 - 1000 Sqft Two Bed Sq Ft 751 - 1000 Sqft

    Property Features

    Buildings Two BuildingsTwo Stories Cross Street Bus 44 Deposits Deposit Required Flood Insurance Not Required Foreclosure Short Sale No Historical District No Inside City Limits Yes Miscellaneous Smoke Detector Monthly Rent 20043.00 Possession At Closing Property Subtype Apartment Building Real Estate Tax 7043.00 Real Estate Tax Provided By Assessor Records Sewer City Sewer Sq Ft Fin And Unfin 5000 Or More Tax Year 2020 Three Bedroom Units 8.00 Transaction Type Sale Two Bed Rent Over $450 Two Bedroom Units 32.00 Type Of Tenancy LeaseMonthly Utilities ElectricityGasHigh Speed Internet AccessSeparate MetersSewerTenant Pays PartTrashWater Water City Water Will Sell CashConventionalSee Remarks Yearly Net Oper Inc Over $25000 Zoning Rs-1

    Listing provided courtesy of Keller Williams. © 2021 Southern Missouri Regional MLS. All rights reserved.


    The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than Clay & Clay Real Estate Team | powered by Keller Williams) are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contain all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR® that have not been displayed on this site. © 2021 Southern Missouri Regional MLS, LLC. All rights reserved. Data last updated: 2021-04-10T22:51:50.683.

    Click here for Digital Millennium Copyright Act
     
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    Springfield MO, 65804