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Sherwood Glen Apartments 1000 S Williams St

44 Unit Block of Flats £2,233,299 (£50,757/Unit) 13% Net Initial Yield Moberly, MO 65270

Investment Highlights

  • USDA non profit
  • 96% occupancy history
  • Assumable mortgage balance at 1%

Executive Summary

Sherwood Glenn Apartments consist of 12 - 1 bedroom apartments and 32 - 2 bedrooms apartments. Based on Funding availability, USDA Rural Development may provide funding to make this purchase possible. Funding may include 100% Rental Assistance and interest credit assistance that reduces the loan not interest rate to one percent. THE NON-DISCREMINATION STATEMENT: "This institution is an equal opportunity "provider". Statement: We are pledged to the letter and spirit of US policy for the achievement of equal housing opportunity throughout the nation. We encourage and support and affirmative advertising and marketing programs in which there are no barriers to obtaining house because of race, color, religion, sex, handicap, familial status, or national origin. or Equal Opportunity.
This 44 unit complex financials, Audit and appraisal are available upon request. Finance Eligibility requirements for USDA not for profit corporations/LLCs are also available.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £350,764 £7.39
Other Income - -
Vacancy Loss - -
Effective Gross Income £350,764 £7.39
Taxes £10,598 £0.22
Operating Expenses - -
Total Expenses £10,598 £0.22
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £350,764
Annual Per SF £7.39
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £350,764
Annual Per SF £7.39
Taxes
Annual £10,598
Annual Per SF £0.22
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £10,598
Annual Per SF £0.22
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £2,233,299
Price Per Unit £50,757
Sale Type Investment
Net Initial Yield 13%
No. Units 44
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.00 AC
Building Size 47,488 SF
Average Occupancy 96%
Number of Floors 2
Year Built 1978

Unit Amenities

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Laundry Facilities
  • Property Manager on Site
  • Maintenance on site

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 12 £588.74 675
2+2 32 £686.87 976
  • Listing ID: 34048343

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 1000 S Williams St, Moberly, MO 65270

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