What an opportunity here – this is a turnkey investment opportunity if you are looking for a solid multi-unit business. Property includes two brick buildings (54×48 and 62×48) each holding four 1-bed, 1-bath apartment units, for eight total units, as well as a shared laundry room. Two washers & two dryers will convey. Each apartment unit has been renovated, and sells with all appliances. Layouts are all similar – there is a sunny living room which walks back to a very clean dining/kitchen area, and all kitchen appliances (refrigerators, stoves, microwaves) will convey. There is a full bedroom, spacious bath and utility room in each unit. Electric baseboard heaters and window unit a/c make these easy to maintain, with only an electric & water bill. Utility providers are REC Electric & Knox County Water. The buildings sit on a spacious 1.5 acre lot, with room for more buildings, a playground, etc. Units are currently empty, and are clean and completely move-in ready.
Conveniently located just west of Ewing, MO on State Hwy 156 in the quiet town of Newark, MO, this is a nice area and a short drive to either Sever Lake or Deer Ridge Wildlife Area.
Don’t miss a nice investment opportunity here – call/text listing agent Jennifer Wood today at (217) 257-8812.
| Price: | $$75,000 |
| Address: | 208 W Holmes St |
| City: | Newark |
| County: | Knox |
| State: | MO |
| Zip Code: | 63458 |
| Year Built: | 1979 |
| Floors: | 1 |
| Square Feet: | 2592 sq ft & 2976 sq ft |
| Acres: | 1.5 |
| Lot Square Feet: | 65,670 |
| Bedrooms: | 8 - 1-bd, 1-ba apartments |
| Bathrooms: | 8 - 1-bd, 1-ba apartments |
| Garage: | None |
| Property Type: | Residential/Multi-Unit/Commercial |
| Financial: | *Currently tax-exempt, tax amount will be subject to new assessment |
| Condition: | Move-in ready |
| Construction: | 1-story brick |
| Exterior: | Brick |
| Interior: | Clean, updated interiors in all units |
| Flooring: | Carpet, tile |
| Lot size: | 199x330 |
| Location: | Newark, MO |
| Scenery: | Shaded lot, big yard |
| Community: | Rural |
| Recreation: | Walking distance to city park, short drive to Sever Lake or Deer Ridge Wildlife Area |
| Inclusions: | All appliances convey (including washers & dryers) |
| Parking: | Gravel parking lots |
| Rooms: | 8 - 1-bd, 1-ba apartments |
| Laundry: | Shared laundry room with 2-washers & 2-dryers |
| Utilities: | Knox County Water, REC Electric |
