802 W Wakefield Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
802 W Wakefield Ave
20 Unit Block of Flats For Sale 7% Net Initial Yield Sikeston, MO 63801
Executive Summary
Zimmer Real Estate Services, as exclusive advisor, is pleased to present the opportunity to acquire Piedmont Square Townhomes (the “Property”), a 20-unit townhome community located at 802 W Wakefield Ave, Sikeston, Missouri 63801.
The property offers an attractive mix of 4 one-bedroom units and 16 two-bedroom units, with an average unit size of 1,169 SF. The property has a current occupancy of 100% due to the affordable rents, location, and spacious floorplans. With a proven value-add plan with rents increases as units turn, this offers a prime opportunity to continue with renovations and push rents. Ownership is currently realizing ±$200 increases for new rents.
The seller has recently implemented a series of capital expenditures in the last 12-months to include but not limited to: new roofs, new flooring, and fresh paint.
The property offers an attractive mix of 4 one-bedroom units and 16 two-bedroom units, with an average unit size of 1,169 SF. The property has a current occupancy of 100% due to the affordable rents, location, and spacious floorplans. With a proven value-add plan with rents increases as units turn, this offers a prime opportunity to continue with renovations and push rents. Ownership is currently realizing ±$200 increases for new rents.
The seller has recently implemented a series of capital expenditures in the last 12-months to include but not limited to: new roofs, new flooring, and fresh paint.
Property Facts
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 7% | Lot Size | 0.74 AC |
| Sale Conditions | 1031 Exchange | Building Size | 82,328 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1978/2022 |
| Apartment Style | Townhome | Parking Ratio | 0.18/1,000 SF |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Sale Conditions | 1031 Exchange |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 82,328 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1978/2022 |
| Parking Ratio | 0.18/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 1,000 |
| 2+2 | 16 | - | 1,000 - 1,225 |
1 of 1
PROPERTY TAXES
| Parcel Number | 19-6.0-24.00-001-019-010.00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £38,684 |
PROPERTY TAXES
Parcel Number
19-6.0-24.00-001-019-010.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£38,684
zoning
| Zoning Code | Commercial |
| Commercial |
1 of 20
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
802 W Wakefield Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.