SEE ATTACHED PROFORMA SUMMARY 20-duplex buildings / 40-units and 2-storage buildings / 52-units on 17 acres +/-. Property is stabilized and all units are rent ready. The duplex units are 1,400 sq. ft. +/- each 3-bedroom, 2-bath,1-car garage. with projected rents of $695.00 per month. 52- storage units 12' wide X 20' deep projected rents at $55.00 each. Each storage building is approximately 3,120 sq. ft. +/-. Water is rural, sewer is onsite via a state of Missouri permitted and approve packaging plant. Tenants pay all utilities. Each unit individually metered. All electric. The storage units lease-up begin March 15, 2018. All 40-duplex units became rent ready April 2018. This property was bank owned and set vacant from 2008 until 2015. Make ready and lease-up begin in phases in 2016. Property in class A condition currently. Each duplex has own legal description and could be sold off individually or converted to condos if new owner so desired. Vacancy Factor & Maintenance Reserves are estimated at,10% each of the effective income,for this proforma. Income and Expenses are estimated at market rents and actual and estimated expenses for this proforma. This is a proforma and not to be relied on. Purchaser will be allowed sufficient time to preform any inspections or feasibility studies purchaser may deem necessary.
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