Movoto Real Estate
Sold on 03/14/2025

41 Northridge Dr #1-11, Marshfield, MO 65706

$585,000

Last sold 03/14/2025 after 157 Days

  • —

    bed

  • 1

    bath

  • 8,120

    Sqft ($72/Sqft)

Multi-family not for sale

About 41 Northridge Dr #1-11

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 3.84 Acre
Property description
RARE INVESTOR SPECIAL!! Are you looking to expand your portfolio with this turn-key secure investment? Here it is, with 100% occupancy! This Multi-Family property is a top performer, at an actual 8.19% CAP RATE, with room to grow income via additional rent stabilization/raising and updating further units. The stabilized CAP RATE of this property is projected to be 10.86%.This property is made up of 3 buildings with 11 total units and has room to grow! Some features about these 11 units include:- 3.84 +- Acres- 11 Total Units (Units #8 & #11 have been completely renovated with brand new bathrooms, updated kitchens and all new surfaces; other units have received regular updates/maintenance)- 3 Buildings (brick, stone, or vinyl siding)- 8,120 +- Rentable Sq Ft between all units- Very close to Highway I-44 (Only 15 minutes to Springfield!)- Window unit air in all units- Baseboard heating in all units- Individually metered for utilities (tenant pays part)- Community washer & dryer ''laundry house'' is on-site (coin operated and revenue generating)- A new Well was recently installed, which services all units for water- And more!This would be perfect for someone looking to efficiently upgrade the quantity of their portfolio.. 11 units, all in one swoop! Don't miss out on this cozy multi-family property tucked away nicely in Marshfield! **Annual Pro-Forma Rental Income is $82,500; see documents section of the MLS Listing for all financial info**
Listed by
Listing Agent - Mike Bowman
Listing Office - Murney Associates - Primrose
Source: Southern Missouri Regional MLS mls logo
MLS#60279554 • last updated 1 year ago
Movoto checked Southern Missouri Regional MLS for data 14 minutes ago
Overview
Cooling/AC Window Unit(s), Ceiling Fan(s)
Heating Base Board
MLS # 60279554
Type Residential Income
Status Closed
SubType Duplex/Triplex/Fourplex
SqFt 8120
Lot Size (Acres) 3.84
Property Tax 1972.23
Year Built 1960
Interior
Total # of Bathrooms 1
Appliances Range/Oven, Refrigerator
Interior Features Apply To Some, Utility Room, Handicap Access, Storage
Exterior
Roof Composition
Construction Brick, Wood Frame, Vinyl Siding, Stone
Parking 1 Per Unit
Other Structures Three Buildings
Amenities / Utilities
Water Source Private Well, Well
HOA Amenities Common Laundry
Location
View Mountain(s), Year Round, Panoramic
Elementary School Marshfield
Middle School Marshfield
High School Marshfield
APN 127026003001002000
Directions Head East On I-44 From Springfield, Take Exit 96 ''SSR-B'', Head South On SSR-B, Turn East On To Northridge Rd. Property Is In The Cul-de-sac.
Multifamily Details
Total # of Units 11
Total Actual Rent 6875
We are not permitted to show value estimates for this property.
  • Feb 2025
    mls logo MLS # 60279554
  • Feb 5, 2025 Pending
    —
  • Dec 20, 2024 Price Change
    $585,000 (-0.8%)
  • Oct 8, 2024 Listed
    $590,000
  • 41 Northridge Dr #1-11
    $585K
  • N/a
    —
  • 65706
    $325K +2% y/y
  • Marshfield
    $325K +2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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