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28-Unit Multifamily Complex
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241 SE Missouri 13 Business, Warrensburg, MO 64093

Multifamily complex near Central Missouri University.

Property SizeContact for details
Days on Market983

Property Features for 241 SE Missouri 13 Business

General Information

Standard status Active
Class C
Property subtype Multifamily
Occupancy 95%
Investment Type Stabilized
Net Operating Income $175,000

Building Details

Year Built 1980
Year Renovated 2021
Buildings 7
Stories 2
Units 28
Listing Agency: Country Vision Associates
Listed By: Rachel Countryman
Source: Crexi
Added: Dec 24, 2023 Changed: Aug 23 Last Checked: Aug 31 at 2:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Country Vision Associates

Investment Insights

Based on property information with market context.

This 28-unit complex is located just south of Central Missouri University in Warrensburg, Missouri. The property features 14 two-bedroom apartments, each renting for $575 per month, and 14 one-bedroom apartments, each renting for $475 per month. Over the past four years, the property has undergone several upgrades, including new roofs, new asphalt in the parking areas, paint, and guttering. Many units have been remodeled, and some HVAC systems have been upgraded as well. The property is located at 241 SE Missouri 13 Business, Warrensburg, MO 64093.

Key Highlights

  • 28‑unit apartment complex near Central Missouri University
  • Attractive mix of 14 two‑bedroom and 14 one‑bedroom units
  • Current rental income: $575/month (2‑bed) and $475/month (1‑bed)

Property Analytics

Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 64093, MO

28,112
Population
11,708
Households
2.4
Avg Household Size
29
Median Age
35%
College-Educated
94%
High-School Grad
190.4 sq mi
ZIP Area
148
Density / Sq Mi
$62,988
Median Household Income
$30,339
Median Earnings
$867
Median Rent
$227,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily complex near Central Missouri University.
Where is this apartment building located?
The property is located at 241 SE Missouri 13 Business Warrensburg, MO.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 28‑unit apartment complex near Central Missouri University; Attractive mix of 14 two‑bedroom and 14 one‑bedroom units; Current rental income: $575/month (2‑bed) and $475/month (1‑bed)
More about this property
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