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110 Kimberling Shr

8 Unit Apartment Building $996,900 ($124,613/Unit) 4.51% Cap Rate Kimberling City, MO 65686

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Investment Highlights

HEAVY VACATION AND LAKE TRAFFIC
DEVELOPEMENT POSSIBILITIES FOR NIGHTLY RENTALS

LAKE VIEW WITH 3.9 LEVEL WOODED ACRES ZONED C-2

Executive Summary

This area sits on Table Rock Lake's main channel and overlooks the lake and the Kimberling City Bridge
It is zoned C-2 for nightly rentals, commercial or multifamily, etc. There are numerous existing amenities, a Marina is close by, as well as Restaurants and Shopping.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$48,000	$10.67
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$48,000	$10.67
Taxes	$800	$0.18
Operating Expenses	-	-
Total Expenses	$800	$0.18
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$48,000
Annual Per SF	$10.67

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$48,000
Annual Per SF	$10.67

Taxes
Annual	$800
Annual Per SF	$0.18

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$800
Annual Per SF	$0.18

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$996,900	Apartment Style	High Rise
Price Per Unit	$124,613	Lot Size	3.84 AC
Sale Type	Investment	Building Size	4,500 SF
Cap Rate	4.51%	Average Occupancy	75%
Sale Conditions	Deferred Maintenance Redevelopment Project	No. Stories	1
No. Units	8	Year Built	1960
Property Type	Multifamily	Parking Ratio	3.56/1,000 SF
Property Subtype	Apartment

Price	$996,900
Price Per Unit	$124,613
Sale Type	Investment
Cap Rate	4.51%
Sale Conditions	Deferred Maintenance Redevelopment Project
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	High Rise
Lot Size	3.84 AC
Building Size	4,500 SF
Average Occupancy	75%
No. Stories	1
Year Built	1960
Parking Ratio	3.56/1,000 SF

Unit Amenities

Yard

Site Amenities

Lake Access

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	8	$500.00	500 - 550

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110 Kimberling Shr, Kimberling City, MO - aerial map view

PROPERTY TAXES

Parcel Number	14-2.0-09-001-002-009.000	Total Assessment	$16,260
Land Assessment	$0	Annual Taxes	$800 ($0.18/SF)
Improvements Assessment	$0	Tax Year	2023

PROPERTY TAXES

Parcel Number

14-2.0-09-001-002-009.000

Land Assessment

Improvements Assessment

Total Assessment

$16,260

Annual Taxes

$800 ($0.18/SF)

Tax Year

2023

zoning

Zoning Code	C2
C2

(417) 294-1162

Contact

Allen Berkstresser
BFRealty

Listing ID: 29639226
Date on Market: 9/27/2023
Last Updated:
Address: 110 Kimberling Shr, Kimberling City, MO 65686

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110 Kimberling Shr, Kimberling City, MO for sale Aerial- Image 1 of 2 — 2021-05-01 13.04.08

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