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Property profile & analytics

1 Church Dr Kimberling City, MO 65686

  • Commercial real estate
  • 21,188 SF
  • 2.10 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US48-2362902
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Fisher Creek Rentals / Apartment Complex

Property Details for 1 Church Dr

Year built
1993
Lot size
2.10 lot acres
Property size
21,188 SF
Property type
Commercial real estate

Description

This exceptional 24-unit apartment complex, situated on a 2.1-acre lot in Kimberling City, Missouri (65686), presents a compelling investment opportunity. The property consists of four three-story buildings, totaling 21,188 square feet, constructed in 1993. Currently boasting an 87.5% occupancy rate (as of October 12, 2023), the property offers significant upside potential. Each of the 24 units features two full bedrooms, one and three-quarter bathrooms, a fully equipped kitchen (including refrigerator, dishwasher, and oven), and a private deck overlooking the adjacent Table Rock Lake. Washer and dryer hookups are included in each unit, and two parking spaces are provided per unit. The property benefits from permitted nightly rentals, allowing for increased revenue generation. Recent improvements include new roofs installed in 2021 and a comprehensive record of updated HVAC systems is available. Individual electric meters are installed for each unit, simplifying utility management. While trash removal is currently covered by the landlord, water and sewer charges will be added to new and renewed leases after October 15, 2023. New base lease amounts are set at $925 per month, with an additional $100 monthly average for water and sewer (based on 2023 data). The property is offered at $3,075,000, representing a price per unit of $128,125 and a cap rate of 7.09%. Convenient public lake access is nearby. Property records are available for due diligence. This is a turnkey operation with existing management available if desired.


Value Estimations

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Location Insight

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City
Kimberling City
County
Stone
State
Missouri
Longitude
-93.42357
Latitude
36.64176
More about this property
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