$224,900
$224,900
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609 Orange ST Columbia, MO 65203
2,880 SqFt
Key Details
Sold Price $224,900
Property Type Condo
Sub Type Triplex or Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $78
Subdivision Mikel
MLS Listing ID 407512
Sold Date 07/11/22
Originating Board Columbia Board of REALTORS®
Year Built 1968
Annual Tax Amount $1,058
Tax Year 2021
Lot Dimensions 101.6 x 185
Property Sub-Type Triplex or Fourplex
Property Description
Great investment opportunity in central Columbia. Strong mo-to-mo leases in place with long time tenants. New owner can enjoy instant cash flow or try to add value and increase rents. Currently owner pays gas & water for the whole building which averages $400/mo and tenants pay electric. This expense could be offset with a lease addendum adding a $100/mo utility charge to each unit.
Three 1-bed units and one 2-bed unit. With a little TLC rents could be increased to $625ish on the 1 beds and $750 on the 2 bed. This is a great value add opportunity for someone looking to invest and maybe get a little sweat equity.
Laundry could be converted to coin operated to generate extra monthly revenue. Overall the structure seems to be in great shape, just needs some cosmetic updating
Location
State MO
County Boone
Community Mikel
Direction From Bus Loop / I-70 Intersection head East on Bus Loop and then right on Jackson St, then left on Orange St. Building is on the NE corner of Jackson & Orange
Region COLUMBIA
City Region COLUMBIA
Rooms
Basement Crawl Space
Interior
Heating Natural Gas, Forced Air
Cooling Two/more window unit
Heat Source Natural Gas, Forced Air
Exterior
Garage No
Building
Story 2
Foundation Poured Concrete
Schools
Elementary Schools West Boulevard
Middle Schools West
High Schools Hickman
School District Columbia
Others
Senior Community No
Tax ID 1631400020650001
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