4930 Vernon Rd Sedalia, MO 65301-0682
- Apartment buildings
- 9,480 SF
- 2.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4930 Vernon Rd
- Lot size
- 2.00 lot acres
- Property size
- 9,480 SF
- Property type
- Apartment buildings
- APN
- 15-4.0-20-0-00-003.000
- APU
- 154020000003000
Description
This exceptional 12-unit apartment building presents a compelling investment opportunity in Sedalia, Missouri. Located on a spacious 2-acre lot just outside city limits at 4930 Vernon Rd, 65301, this Class B property boasts a strong 9.19% cap rate and a substantial net operating income (NOI) of $62,464. Built in 1980, the property features twelve two-bedroom, one-bathroom units, each with tenants responsible for their own utilities. Ample parking is provided with 24 spaces available. On-site amenities include a coin-operated laundry facility and a playground. The roof was recently replaced in 2016. The building utilizes all-electric systems and a private sewage treatment plant. Leases are a mix of 12-month and month-to-month agreements. The property is currently un-signed, offering excellent potential for enhanced marketing and occupancy. With a list price of $680,000, this translates to a price per unit of $56,666.67, representing a strong value in the current market. This property offers a solid foundation for immediate cash flow and long-term appreciation. The property's location and features make it an attractive option for both seasoned investors and those seeking to enter the multifamily market. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sedalia
- County
- Pettis
- State
- Missouri
- Longitude
- -93.254
- Latitude
- 38.6676
- CBSA code
- 42740
- CBSA name
- SEDALIA, MO MICROPOLITAN STATISTICAL AREA
