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$2,750,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$2,750,000 No Recent Price Change
19824 State Highway 112
Cassville, MO 65625
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • N/ASqFt
  • 1980Year Built
  • 20.00Acres
  • MLS# 60254420
  • Multifamily
  • Apartment Building
  • Active

  • Approx Time on Market6 months, 10 days
  • AreaN/A
  • CountyBarry
  • SubdivisionN/a

Overview

If you're ready for the natural beauty and relaxed pace of life in the Missouri Ozarks with an opportunity to generate income from your property, then this may be just what you're looking for. Situated on 20 sprawling acres south of Cassville in Barry County you'll find Hartland Apartments. The apartment complex features six duplexes plus an 8-plex, offering a total of twenty 2 BR/1 BA income-generating units. These units are all-electric and have been meticulously cared for by the sellers. Rental properties are in high demand in the area, and occupancy in these units is consistently >90%, and oftentimes they're full, with a wait list of interested renters. The owners have made numerous recent improvements, including LED lighting, vinyl siding, new roofs, mini-split high efficiency HVAC units, and more. Apartments are all on rural water and rural electric, with fiber internet available to tenants. Duplexes are 750-800 s.f. and feature washer & dryer hookups. 8-plex units are 850-900 s.f. All units come furnished with refrigerator and electric stove, and some units have a dishwasher. Situated a bit further into the property is the owner's home. This spacious home offers 3750 s.f. of living space and offers some wonderful features that make it shine. Three bedrooms and 2.5 baths provide room for the family to spread out and settle in. The kitchen features gorgeous granite counters and bar seating, and the layout and food prep area is perfect for home chefs. Custom oak cabinetry and stainless appliances round out the well-appointed kitchen, which transitions easily to a dining area with massive wood ceiling beams and a built-in bar. A large family room offers lots of space for furniture and game tables, and is warmed on cold days by the large wood stove. The nice-sized home office is perfect for telework or entrepreneurial activities, but could easily serve as a sewing or hobby room, study, or a spare bedroom as well.A cedar sauna is the perfect place to unwind from a long day, or perhaps you might prefer the 7-person hot tub. And for those who love outdoor summer living, you'll be enamored by the fantastic patio area with covered dining space, nice landscaping, and gas firepit, and just beyond that is the 18x36' in-ground pool. This home serves well as the owner's abode, but it could easily transition to another income-generating option as an Airbnb or could be remodeled into an upscale duplex apartment. If all this isn't enough, the land itself is hard to beat. The acreage is flat near the highway and gently sloping towards the rear. Large open areas north and south of the 8-plex provide plenty of options for adding more apartment units, boat storage, or cabins to serve the thousands of visitors who flock to the area's recreational gems such as Roaring River State Park and Table Rock Lake. Near the home is a stocked pond, and the timber and cover in the back of the property holds plenty of deer and other wildlife.In addition to the residences and acreage, the sellers are including a commercial mower, Honda side by side, and all the apartment maintenance and repair items in their possession. All in all, this property is a real show stopper. It offers comfortable living in a nice home coupled with a reliable income stream, all packaged together in an area that still espouses rural values.


Association Fees / Info

Hoa:  No

Bathroom Info

Baths:  1 Per Unit

Building Info

Roofing Material:  Dimensional Shingles

Year Built:  1,980

Construction:  Brick, Concrete Siding

Financial

Transaction Type:  Sale

Type of Tenancy:  Monthly

Bed Units Price:  Over $450

Yearly Net Oper Inc:  Over $25,000

Garage / Parking

Interior Features

Appliances:  Dishwasher, Oven/Range, Refrigerator

Lot Info

Acres:  20.00

Marina Info

Misc

Inside City Limits:  No

Other

Foreclosure:  No

Property Info

View:  No

Buildings:  Four or More Buildings, One Story

Zoning:  NA

County:  Barry

Property Type:  B

Sale / Lease Info

Will Sell:  1031 Exchange,Cash,Conventional

Financing:  Cash, Conventional

Possession:  At Closing

SqFt Info

Sqft Finshd Unfnshd:  5000 or more

Tax Info

Tax Year:  2,022

Re Tax Provided By:  Owner

Unit Info

Num Three Bedroom Units:  1.00

Num Units:  20

Unit Features:  Furnished, Washer/Dryer Hookup

Num Two Bedroom Units:  20.00

Utilities / HVAC

Water:  Water - Rural, Well - Private

Heating:  Base Board, Heat Pump

Cooling:  Wall Unit

Sewer:  Cesspool/Lagoon, Private Sewer System

Utilities:  Co-Op, Electricity, High Speed Internet Access, Separate Meters, Tenant Pays, Trash

Waterfront / Water

Lake River:  None

Waterfront View:  None

Schools

Elem:  Cassville

Middle:  Cassville

High:  Cassville

Courtesy of listing office Midwest Land Group 

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On sunsetrealtyservices.com since Tue, Oct 17th 2023
No Property History recorded for this listing.

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