Broadway Apartments | 701-725 Broadway St
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Broadway Apartments 701-725 Broadway St
13 Unit Block of Flats £967,375 (£74,413/Unit) 7.43% Net Initial Yield Waynesville, MO 65583
Investment Highlights
- Located between front and West Gate of Fort Leonard Wood Military Base
- Vacant Lot goes with sale
- New Roofs
Executive Summary
INVESTMENT HIGHLIGHTS
New Roofs.
Extra Build Ready Lot Goes with the Sale
Newly Remodeled Unit to make 13 rentable units that Consistently stay 95+% occupied.
Currently under professional management
Parking for each tenant
Direct proximity to Fort Leonard Wood Military Base, Waynesville Middle School and High School, Theatre, Grocery Shopping, and numerous eateries
• PRO FORMA ~7% Cap Rate with great cash flow
EXECUTIVE SUMMARY
Broadway Apartments offers 13 rentable units with nine - 3 Bedroom and 2 Bath units and a mix of 2 Bedroom and 1 Bedroom units in the remaining 4. This great investment opportunity stays above 90% rented because of its great position between the Front and West gates of Fort Leonard Wood Military Base and the local school system. All units are spacious, well maintained, and under professional management. With easy access to I-44 that provides a short 1 and ½ drive to Springfield and 2 and ½ hours to St Louis
New Roofs.
Extra Build Ready Lot Goes with the Sale
Newly Remodeled Unit to make 13 rentable units that Consistently stay 95+% occupied.
Currently under professional management
Parking for each tenant
Direct proximity to Fort Leonard Wood Military Base, Waynesville Middle School and High School, Theatre, Grocery Shopping, and numerous eateries
• PRO FORMA ~7% Cap Rate with great cash flow
EXECUTIVE SUMMARY
Broadway Apartments offers 13 rentable units with nine - 3 Bedroom and 2 Bath units and a mix of 2 Bedroom and 1 Bedroom units in the remaining 4. This great investment opportunity stays above 90% rented because of its great position between the Front and West gates of Fort Leonard Wood Military Base and the local school system. All units are spacious, well maintained, and under professional management. With easy access to I-44 that provides a short 1 and ½ drive to Springfield and 2 and ½ hours to St Louis
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 9 | - | - |
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 11-7.0-26-001-018-003-000 | Total Assessment | £96,548 |
| Land Assessment | £5,521 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £91,027 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
11-7.0-26-001-018-003-000
Land Assessment
£5,521
Improvements Assessment
£91,027
Total Assessment
£96,548
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023 Payable 2024
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Broadway Apartments | 701-725 Broadway St
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