303 12Th StBethany, MO 64424

Property Details for 303 12Th St

Year built

1940

Construction

FRAME

Lot size

1.16 AC

Property size (Sq ft)

5,720 SF

Property type

Apartment buildings

APN

1920103-06-12

APU

19201030612

Description

This exceptional investment opportunity presents a seven-unit retail property located at 303 S 12th St, Bethany, Missouri, 64424. The property boasts a total of 5,720 square feet situated on a 1.14-acre lot. Priced at $285,000, this translates to a price per square foot of $49.83, representing a strong value in the current market. The property's multi-unit structure provides a consistent revenue stream, making it an attractive option for investors seeking a stable and profitable asset. The units themselves are described as being in excellent condition, featuring open-concept layouts, ideal for a variety of retail businesses. Adding to the property's appeal is the inclusion of covered parking, a valuable amenity for both tenants and customers. This 7-plex is located in Harrison County, Missouri, offering easy access to local amenities and a strong potential for future growth. The property's current condition and attractive features make it a compelling investment opportunity for those seeking a high-yield, multi-unit retail property in a desirable location. This is a turnkey operation ready for immediate income generation. The property's strong rental history and excellent condition make it a low-risk, high-reward investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,329,531

  6.5%

  $1,227,259

  7%

  $1,139,598

• Comparable approach

  Method

  Valuation

  Relative Method

  $691,193

  Geo Method

  $691,193

• Alternative Use

  Use

  Valuation

  Residential

  $1,227,259

  Hospitality

  $1,124,163

  Educational

  $935,290

  Medical

  $967,456

  Retail

  $1,454,896

Location Insight

City

Bethany

County

Harrison

State

Missouri

Latitude

40.2674

Longitude

-94.0379

Property Tax & Assessments

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