New Construction Green Ridge Portfolio

  • $2,885,000
Featured Sold
107 E Franklin St, 501 N Magnolia St, 201 S Illinois St, Green Ridge, MO 65332
  • Apartments + Storage Units
  • Property Type
  • 34 Res. + 18 Storage Units
  • Rooms
  • 28200
  • Sq Ft
  • 2020-2023
  • Year Built
Featured Sold
107 E Franklin St, 501 N Magnolia St, 201 S Illinois St, Green Ridge, MO 65332
  • $2,885,000

Overview

  • Apartments + Storage Units
  • Property Type
  • 34 Res. + 18 Storage Units
  • Rooms
  • 28200
  • Sq Ft
  • 2020-2023
  • Year Built

Description

New construction at an incredible price point! Invest in this 2020-2023 constructed portfolio in charming Green Ridge, Missouri.

Featuring a total of nine buildings on three parcels, this portfolio is comprised of of three single-story fourplexes, five single-story duplexes, and one twelve-unit building. With desirable 3 bed/2 bath and 2 bed/1 bath floorplans, the portfolio offers versatility in a market with strong renter demand and no other new construction. Each unit features modern finishes, including granite countertops, stylish kitchen cabinetry, LVP flooring in kitchens and baths, and new appliances. Coinvent common laundry facilities are available for all buildings without in-unit washer dryer and there is ample parking right in front of the buildings. All of the duplexes on have in-unit washer/dryers in addition to being single story. The sale of this portfolio also includes 12 storage units for residents at 201 S Illinois St and 6 storage units at N Magnolia St.

Green Ridge is ideally located between Sedalia and the Whitman Air Force Base. The community boasts employment opportunity, friendly community, excellent schools, and small-town charm. The largest local industries include manufacturing, educational services, and healthcare. The nearby city of Sedalia, about 15 miles away, offers more employment options, including major employers like Tyson Foods, State Fair Community College, and Bothwell Regional Health Center. Whitman Air force base is home to approximately 15,000 service members and their families.

Don’t miss the chance to add this turnkey new construction investment to your portfolio!

Why We Love It: This new construction portfolio offers peace of mind with quality construction and minimal capital expenses for years to come. 100% occupied with strong tenant demand, including a successful AirBnB rental.

The Challenge: Green Ridge is a tertiary market in central Missouri, luckily one with strong tenant demand!

The Value Add Play: Enjoy strong cash flow from day one, with potential to increase revenue by getting all the units up to market rent and adding more short and medium-term rentals.

  • Address 107 E Franklin St, 501 N Magnolia St, 201 S Illinois Street
  • City Green Ridge
  • State/county Missouri
  • Zip/Postal Code 65332
  • Country United States

Details

Updated on December 16, 2024 at 8:10 pm
  • Price: $2,885,000
  • Property Size: 28200 Sq Ft
  • Rooms: 34 Res. + 18 Storage Units
  • Bathroom: Built In 2020-2023
  • Garages: 34 Res. + 18 Storage Units
  • Year Built: 2020-2023
  • Property Type: Apartments + Storage Units
  • Property Status: Sold

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Michelle Lutz
  • Michelle Lutz