Price Reduction - Views
Address
527 S Main Street, Carthage, MO
Price
$ 1,650,000
Property Attributes
- MLS#235492
- TypeMulti-Family
- CountyJASPER
- CityCarthage
- Area09 - Carthage Area
- Zip64836
- Style2 Story
- Year Built1920
- Taxes$ 1913
- Price$ 1,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage25500
Data Source:
Ozark Gateway Association of REALTORS® (OGAOR)
Property Description
Don't miss out on the rare chance to own a piece of Carthage's rich history. The beloved Carthage Press building has been thoughtfully reimagined and transformed into the stunning Carthage Press Apartments. Offering a total of 20 units, including 5 studios, 3 one-bedroom units, and 12 two-bedroom units, this remarkable complex has undergone a complete renovation, ensuring the perfect blend of historic charm and modern convenience. The renovations spared no detail, with features that include concrete floors and ceilings, all-new electrical, plumbing, HVAC systems, windows, water heaters, and a roof with a 20-year transferable warranty. To further add to profitability but eliminating big ticket expenses for the new owner, new city main water supply lines, a new main sewer line, and a new service entry for electricity have been installed. Each unit is individually metered for electricity, while the owner covers water, trash, and sewer. Additionally, the option to separately meter water is readily available. One of the highlights of the Carthage Press Apartments is the captivating view of the iconic Carthage courthouse on the square, just a short stroll away. These apartments offer a luxurious high-rise experience reminiscent of big-city living, all at an affordable price right here in the heart of Carthage, MO. With oversized ceilings and large windows that flood the spaces with natural light, as well as a prime location and brand-new finishes, these units are destined to become cherished homes within our community. Currently, the units are being pre-leased while final touches are finished. All units, along with the covered parking and concrete parking lot in the rear, will be 100% completed before the new owner takes possession. The Carthage Press Apartments are spread across two floors of living space, along with an unfinished basement. The first floor boasts 3 one-bedroom units and 6 two-bedroom units, as well as two storage rooms that hold potential for conversion into convenient laundry facilities. The second floor comprises 5 studios and 6 two-bedroom apartments. For full details on rents, layout, floor plan and dimensions, please refer to the floor plans in the pictures. The projected pre-lease discounted rate stands at $15,150 per month, with stabilized rents expected to exceed $16,000 per month, even before factoring in potential additional income from pet fees, premium parking, added laundry facilities, or storage units in the basement for tenants to rent. This is a remarkable investment opportunity, offering substantial value-add possibilities that can skyrocket your return on investment. Don't let this piece of Carthage's history slip through your fingers - act now to secure your future with the Carthage Press Apartments!
| Price History | |
|---|---|
| 11/1/2023 | Listed $1,950,000 |
| 1/9/2024 | 6% - $1,850,000 |
| 4/2/2024 | 11% - $1,650,000 |
General Features
| Sewer | Sewer - City |
|---|---|
| Heating | Central Electric |
| Cooling | Central Air |
| Possession | At Close |
| Roof | Rubber |
| Architectural Style | 2 Story |
| Year Built | 1920 |
| Property SubType | Apartment |
| County | Jasper |
| New Construction | No |
| Property Type | MultiFamily |
| Status | Active |
| Directions | Garrison & Chestnut,east to Main. North to building on the west side. |
| City | Carthage |
| MLS Area | 09 - Carthage Area |
| Lot Size Square Feet | 0.0 |
| Street Name | Main |
| Year Built Details | 51+ |
| Land Lease Y/N | No |
| Tax Annual Amount | 1913.15 |
| Ok to Lease | Six Month Lease |
| Lease Renewal Y/N | No |
| MLS Area Minor | 09 - Carthage Area |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| MobileHomeRemainsYN | No |
| Senior Community | None |
Interior Features
| Basement | Unfinished |
|---|---|
| Flooring | Carpet,Concrete |
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Street |
Exterior Features
| Fencing | None |
|---|---|
| Lot Size Area | 0.0 |
| Spa | No |
| Building Area Total | 25500.0 |
| Lot Dimensions | IRR |
| Lot Size Acres | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 64836
Price
Taxes
Visits
Year Built
Walkscore
The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than NextHome SoMo Life are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumers personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers
Ozark Gateway Association of REALTORS® (OGAOR). All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome SoMo Life may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.
Last Updated: April 30, 2024 7:12 PM UTC
