622 Main St, Unit 632 Joplin, MO 64801-2316
- Retail space
- 14,170 SF
- 0.58 lot acres
Current Use by Public Records
- Hays Steven / Attorney
Property Details for 622 Main St
- Year built
- 1977
- Lot size
- 0.58 lot acres
- Property size
- 14,170 SF
- Property type
- Retail space
- APN
- 19-2.0-3-40-56-5.0
- APU
- 19203405650
Description
This exceptional investment opportunity presents a brand-new, 16-unit multifamily property located at 622 & 634 N Main Street, Joplin, Missouri, 64801. The property, situated on a 0.28-acre lot, consists of two buildings – a 12-unit building and a 4-plex – totaling 8,367 square feet. Construction is slated for completion by mid-August 2024, allowing for immediate occupancy and rental income generation. The property boasts a Class A designation and features 15 one-bedroom, one-bathroom apartments and one studio apartment. All units are equipped with energy-efficient Daikin mini-splits for superior climate control. Residents enjoy the convenience of on-site laundry facilities. The property is zoned C1-PD and offers a compelling price per unit of $100,000, with an overall asking price of $1,600,000 ($191.23 per square foot). This represents a strong value proposition in the Joplin, MO market. This newly constructed property is an ideal addition to any investor's portfolio, promising excellent returns and low maintenance. The property's modern design and energy-efficient features ensure both comfort and cost-effectiveness for tenants.
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
- Joplin
- County
- Jasper
- State
- Missouri
- Longitude
- -94.5138
- Latitude
- 37.0845
- CBSA code
- 27900
- CBSA name
- JOPLIN, MO METROPOLITAN STATISTICAL AREA
