New Construction Green Ridge Portfolio

  • $1,650,000
Featured Coming Soon
107 E Franklin St & 201 S Illinois St, Green Ridge, MO 65332
  • Apartments + Storage Units
  • Property Type
  • 18 Res. + 12 Storage Units
  • Rooms
  • 10,400
  • Sq Ft
  • 2020
  • Year Built
Featured Coming Soon
107 E Franklin St & 201 S Illinois St, Green Ridge, MO 65332
  • $1,650,000

Overview

  • Apartments + Storage Units
  • Property Type
  • 18 Res. + 12 Storage Units
  • Rooms
  • 10,400
  • Sq Ft
  • 2020
  • Year Built

Description

New construction at an incredible price point! Invest in this 2021-built portfolio in charming Green Ridge, Missouri. Featuring four well-maintained buildings on two parcels, including three duplexes and one twelve-unit building, this new construction portfolio is a rare find. With desirable 3 bed/2 bath and 2 bed/1 bath floorplans, it offers versatility in a market with strong renter demand. Each unit offers modern finishes, including granite countertops, stylish kitchen cabinetry, and new appliances. The mix of luxurious vinyl flooring and cozy carpeted bedrooms enhances tenant satisfaction. On-site laundry facilities and ample parking add to the convenience, making it a highly attractive option for renters.

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.

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: While all duplexes feature in-unit washer/dryers, the 12-unit building has shared on-site laundry facilities. Green Ridge is a tertiary market in west-central Missouri, luckily one with strong tenant demand!

The Value Add Play: Enjoy strong cash flow from day one, with the 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 & 201 S Illinois St
  • City Green Ridge
  • State/county Missouri
  • Zip/Postal Code 65332
  • Country United States

Details

Updated on September 19, 2024 at 6:53 pm
  • Price: $1,650,000
  • Property Size: 10,400 Sq Ft
  • Rooms: 18 Res. + 12 Storage Units
  • Bathroom: Built In 2020
  • Garages: 18 Res. + 12 Storage Units
  • Year Built: 2020
  • Property Type: Apartments + Storage Units
  • Property Status: Coming Soon

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Michelle Lutz
  • Michelle Lutz