913-238-5524
802 W Wakefield Ave, Sikeston, MO for Sale
Apartments - FOR SALE
1/19
null | 7% Cap Rate

802 W Wakefield Ave
Sikeston, MO 63801


OVERVIEW

Zimmer Real Estate Services, as exclusive advisor, is pleased to present the opportunity to acquire Piedmont Square Townhomes (the “Property”), a 20-unit townhome community located at 802 W Wakefield Ave, Sikeston, Missouri 63801. The property offers an attractive mix of 4 one-bedroom units and 16 two-bedroom units, with an average unit size of 1,169 SF. The property has a current occupancy of 100% due to the affordable rents, location, and spacious floorplans. With a proven value-add plan with rents increases as units turn, this offers a prime opportunity to continue with renovations and push rents. Ownership is currently realizing ±$200 increases for new rents. The seller has recently implemented a series of capital expenditures in the last 12-months to include but not limited to: new roofs, new flooring, and fresh paint.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,076 SF

ZONING

Commercial

APN/PARCEL ID

19-6.0-24.00-001-019-010.00

ASK ABOUT THIS PROPERTY

Christian RousticZimmer Real Estate ServicesMore Info
913-238-5524

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Christian RousticZimmer Real Estate ServicesMore Info
913-238-5524

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.