Established 24-unit, Senior housing complex in Bethany, MO

608 S 20th Street, Bethany, MO 64424

Description:

Village Place Apartments. 100% Occupancy! Steady income. Established 24-unit, 62 yrs+ Senior, low-income housing complex with separate office/clubhouse/laundry building & small maintenance shed. All units 1-bdrm. & handicapped accessible. Solid investment with very high, consistent occupancy. Housing Assistance Program Contract (HAP) in place through 6/30/2021. Tenant's pay according to their income & HAP contract pays any remainder. Rents will be increasing $8 mo. per unit effective July 1st, for an additional $2,304 gross scheduled yearly income. Make sure to add that to any projected future income calculations. HUD allows for yearly rent increases depending on area market rates. Has been averaging +2% increase in the past. Owner retiring. All measurements are approximate.

 

Directions: 

From South of Bethany: Go North on I-35 to Exit #88 for MO-13 toward Bethany/Gallatin. Turn left onto MO-13 North. Continue onto S. 25th Street. Turn left onto Beekman Street. Turn right onto S. 20th Street. Go approx. 1 block North to property.

 

From West of Bethany: Go East on 136 Hwy to S. 25th Street. Turn left on S. 25th St. to Beekman Street. Take a left on Beekman to S. 20th Street. Turn right onto S. 20th St. and go approx. 1 block North to property.

Property Address

Address :608 S 20th Street
City:Bethany
County:Harrison
Zip:64424
Country:United States

Property Details

Property Id : 24088-12300
Property Type : Commercial Property
Price:
Property Size: 2.16
Bedrooms 1
Year Built :
Property Building Size:
Bathrooms :

Property Features

Apartments 100% Occupied
Steady Income
Separate office/laundry bldg
1-bdrm units & handicap access
high, consistent occupancy
Solid Investment

Property Map

Information

Michele Nielsen

Realtor, Broker Salesperson


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