Listed By:
Royal Oaks Realty
Address
826 S 14th Street, St Joseph, MO
Price
$ 1,350,000
Property Attributes
  • MLS#2425125
  • TypeMulti-Family
  • CountyBUCHANAN
  • CitySt Joseph
  • Area1132 - Buchanan Co NW-N=Co Line - S=I-36 - E=I-29
  • Zip64501
  • Style
  • Year Built1909
  • Taxes$ 6168
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.7 Acres
Data Source:
Heartland MLS (HMLS)
Property Description

Historic Everett School was turned into a 22 Unit Apartment Building years back, and is now stabilized and income producing! Very cool, contemporary feel with large units 2 story, Colonial Revival, all brick building, built in 1909 and newly renovated but with potential to take it even further with updates, upgrades and rent raises. Typically stays 95-99% occupied with less then average turn over. Studio, 1, 2, and 3 bedroom units. Landlord pays water, sewer, trash, and basic cable. Landlord has started water bill backs, and tenants pay electricity, all electric building with owned solar units on roof to subsidize usage Building is L shaped with a “North Building & South Building” connected by a large gym which owner has added games & work out area, but could be used to hold events, tenants to rent out and much more potential for this neat space, huge lot, all green space in front of building comes with, 1.7 acres m/l total and tenants use this for dog walking, kids games and more. Historic buildings in back next to the school do not come with it, and are empty, with more potential to possible pick these up and add more units, commercial or office! Also potential to add more apartments inside school in parts unuse/unfinished in building, including bathrooms and very large gym area. Camera system that can be checked by mobile phone comes with property, wash/dry owner & serviced by outside company and property is in a historic area, listed on the Historic Registry and possibly qualifies for tax abatement and/or grants, etc. Buyer to conduct all due diligence on all. Listing agent can assist in providing loan quotes or 1031 intermediary information for sale purposes. Units are all very large, including high ceilings with lots of windows and have loft feel even in basement. Studios, 1, 2 & 3 bedroom units something for everyone. 1 voucher tenant currently showing building does qualify & pass inspections for vouchers. Details in attachments, or just ask.

Price History
3/28/2023 Listed $1,750,000
6/7/2023 9% - $1,600,000
9/27/2023 1% - $1,595,000
3/26/2024 16% - $1,350,000

General Features

Sewer City/Public
Heating Electric
Cooling Electric
Utilities Separate Meters
Roof Other
Zoning Multi
Security Features Fire Sprinkler System
Construction Materials Brick
Year Built 1909
Property SubType Apartment
Assoc Fee Paid Per Annually
County Buchanan
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Other
Garage Y/N No
Status Active
Directions https://www.google.com/maps/place/826+S+14th+St,+St+Joseph,+MO+64501/@39.7592577,-94.8437639,17z/data=!3m1!4b1!4m6!3m5!1s0x87c01bad0597776f:0x48d88cbc3e285469!8m2!3d39.7592577!4d-94.8437639!16s%2Fg%2
City St Joseph
High School District St. Joseph
Total Units 22
MLS Area 1132 - Buchanan Co NW-N=Co Line;S=I-36;E=I-29;W=Mo River
Lot Size Square Feet 74052
Street Name 14th
Listing Terms Cash,Conventional
Public Remarks Historic Everett School was turned into a 22 Unit Apartment Building years back,and is now stabilized and income producing! Very cool,contemporary feel with large units 2 story,Colonial Revival,all b
Standard Status Active
In Flood Plain Unknown
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Street Suffix Street
Unit Type 1 Bedroom,2 Bedroom

Exterior Features

Parking Features Detached,Other
Water Source Public
Lot Size Area 1.7
Road Surface Type Paved
Lot Size Units Acres
Road Responsibility Public Maintenance

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 64501

Price
AVG $290K
$1.35M
Taxes
AVG $1,425
$6,168
Visits
AVG 148
216
Data Provided by Inside Real Estate®
Year Built
AVG 1910
1909