

































Property Attributes
- MLS#60173514
- TypeMulti-Family
- CountySTONE
- CityReeds Spring
- NeighborhoodPhelps Addition
- Zip65737
- Style
- Year Built1960
- Taxes1836
- Price$ 449,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8296
- Lot Size0.58 Acres
Listing Provided Courtesy Of:
Reecenichols - Branson West
Property Description
Mixed use investment rental property for an owner/manager with 9+% capitalization rate. Fully rented 2 level building with total sq ft of 8296, located in Reeds Spring plus includes additional parking lot with 864 sq ft workshop. Retail space of 4148 sq ft occupied by the iconic Reeds Spring Pizza Company plus eight studio apartments on the second level. The retail space is partitioned into 4 sections with separate commercial glass door front entrances and rear access doors along with a restroom for each section. The upper level studio apartments area accessed from wood framed staircases and covered deck walkways on the front and rear sides. There are asphalt parking areas at the front and rear of the building. An additional gravel parking lot with workshop is located on a separate tract of land that is east of the main building. Positive cash flow and decent capitalization rate for the owner/manager with this mix use investment rental property. Check it out!
Elementary School | Middle School | High School |
---|---|---|
Reeds Spring Elementary School | Reeds Spring Middle School | Reeds Spring High School |
Price History | |
---|---|
9/14/2020 | Listed $449,900 |
General Features
Appliances | Oven/Range, Refrigerator |
---|---|
Bathrooms | 1 Per Unit |
Cooling | Wall Unit |
Elementary School | Reeds Spring |
Financing | Cash, Conventional |
Foreclosure/short Sale | No |
Heating | Wall Furnace |
High School | Reeds Spring |
Inside City Limits | Yes |
Legal Description | Tract 2 and 4 of Survey recorded at Plat Book 88, Page 13, Stone County Recorder's Office. Two separate Tax Assessor Parcel Id#'s. |
Middle School | Reeds Spring |
Parking | Two or More |
Possession | Subject to Tenant Rt |
Property Type | B |
Sewer | City Sewer |
Status | Active |
Subdivision | Phelps Addition |
Tax Year | 2019 |
Transaction Type | Sale |
Type | Other |
Utilities | High Speed Internet Access, Tenant Pays Part, Trash |
Water | City Water |
Will Sell | 1031 Exchange, Cash, Conventional |
Year Built | 1960 |
Zoning | Commercial |
Interior Features
# Efficiency Units | 8.00 |
---|---|
# One Bedroom Units | 0.00 |
Total Number of Units | 12 |
Exterior Features
Buildings | Two Buildings, Two Stories |
---|---|
Lake/River | None |
Lot Dimensions | See attachment |
Roofing Material | Composition, Metal |
Waterfront/view | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool