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Listed by Charles Norton • The Next Door Agents, LLC
$7,250,000
Est. payment /mo
1.61 Acres Lot
Active
109 Commercial ST Warrensburg, MO 64093
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Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2595607
Year Built 2001
Annual Tax Amount $47,881
Lot Size 1.610 Acres
Acres 1.6100092
Property Sub-Type Apartment
Source hmls
Property Description
Midtown Apartments is a 75-unit, all-brick apartment community with steel-frame construction, meticulously maintained and positioned in a prime downtown Warrensburg location within walking distance to bars, restaurants, and University of Central Missouri. The property is turnkey with experienced on-site management in place, providing a seamless transition for a new owner. Select units are operating as short-term rentals that are currently cash-flowing, with additional units in the process of being converted, offering both stabilized income and upside potential. Internet and trash are included, and the asset benefits from strong tenant demand, operational efficiency, and long-term durability due to its quality construction and attentive ownership.
Location
State MO
County Johnson
Zoning R4
Interior
Heating Electric
Cooling Electric
Fireplace N
Laundry Central Laundry
Exterior
Parking Features false
Utilities Available Ind Water Heaters, Other
Roof Type Composition,Metal
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
School District Warrensburg R-Vi
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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