Remodeled Residential Income
2504 Braemore Rd, Columbia, MO 65203
For Sale
Contact for pricing
Updated appliances include a washer and dryer.
Property Size800 SF
Price / SF$1.88
Days on Market32
Property Features for 2504 Braemore Rd
General Information
Standard status
Size
Property subtype
Amenities
washer/dryer
Listing Agency:
Weichert, Realtors - House of Brokers
(573) 446-6767
Listed By:
Christi Wolverton
(573) 864-5556
Source:
Exprealty
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 3:58PM
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 Weichert, Realtors - House of Brokers
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Investment Insights
Based on property information with market context.
This residential income property has been recently remodeled and includes new appliances, including a washer and dryer. The carport is 8 feet wide and accommodates smaller cars and SUVs; additional driveway space is available for other vehicles.
Pet occupancy is limited to one pet weighing less than 30 pounds.
Pet occupancy is limited to one pet weighing less than 30 pounds.
Key Highlights
- Recently remodeled with new appliances
- Washer and dryer included
- 8‑foot‑wide carport accommodates smaller cars and SUVs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,187
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,740
$123.7K
Cap Rate 7%
$88,386
$88.4K
Cap Rate 9%
$68,744
$68.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$11.9K $14.88/SF
− Vacancy
−$655 −$0.82/SF
EGI
$11.2K $14.06/SF
− OpEx
−$5.1K −$6.33/SF
NOI
$6.2K $7.73/SF
Area
Columbia, MO
Vacancy
5.50%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,740
Cap Rate 7%
$88,386
Cap Rate 9%
$68,744
Alternative Uses
Best Use
Apartment 5plus
$88.4K
$77.3K – $103.1K
NOI $6,187 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$124.0K
$108.5K – $144.7K
NOI $8,682 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
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Business Placement
Demographics for 65203, MO
59,712
Population
27,157
Households
2.2
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
799
Density / Sq Mi
$80,442
Median Household Income
$48,287
Median Earnings
$1,035
Median Rent
$319,100
Median Home Value
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Market
Properties on Market for Residential income properties in Columbia
Frequently Asked Questions
What type of property is this?
Residential income property - Updated appliances include a washer and dryer.
Where is this residential income property located?
The property is located at 2504 Braemore Rd Columbia, MO.
What are key features of this property?
This property features: Recently remodeled with new appliances; Washer and dryer included; 8‑foot‑wide carport accommodates smaller cars and SUVs
