510 Washington Avenue

Cape Girardeau, MO 63701

$235,000
Price
Beds
3,300 Sq. Ft.
$71 / Sq. Ft.
3,300
Sq. Ft.
$71
per Sq. Ft.

Description

This 3 unit building is an excellent investor opportunity OR perhaps you are looking to find a way to hoes hack--live in one unit and rent the others! This property has long term tenants. Two are month to month in the single bedrooms making $500/m each in gross rents and the upstairs 4 bedroom unit has a lease signed until July of 2025 for $1400/m in rent 100% HUD subsidized. New HVAC, new floors, and new paint in the upstairs unit and a finished attic area that created one more bed and additional...This 3 unit building is an excellent investor opportunity OR perhaps you are looking to find a way to hoes hack--live in one unit and rent the others! This property has long term tenants. Two are month to month in the single bedrooms making $500/m each in gross rents and the upstairs 4 bedroom unit has a lease signed until July of 2025 for $1400/m in rent 100% HUD subsidized. New HVAC, new floors, and new paint in the upstairs unit and a finished attic area that created one more bed and additional living area. The other two units HVAC is only a few years old. Roof is 3-5 years. All electric and plumbing is up to date/newer. Again, this is an amazing investment opportunity and won't last long. Requires 24 hour notice as all units are occupied. And this building is agent owned.
  1. Listed by Stephen Schott • EXP Realty, LLC
  2. Listed by Chelsea Dillick • EXP Realty, LLC

Amenities

  • Air Conditioning
  • Attic
  • Forced Air
  • Off-Street Parking
  • Street Parking
  • Washer / Dryer in Unit
LISTING UPDATED: 11/28/2024 10:01 AM

Property Details for 510 Washington Avenue

StatusActive
MLS #24073673
Days on Market9
Taxes$1,385 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family 2-4
Year Built1900
Lot Size0.21 AC / 9,365 SF
CountyCape Girardeau County

Building Information for 510 Washington Avenue

Stories-Residences-Year Built1900Building Size-Lot Size0.21 AC / 9,365 SF

Property Information for 510 Washington Avenue

Summary
Location and General Information
  • City: Cape Girardeau
  • County Or Parish: Cape Girardeau
  • Latitude: 37.311506
  • Longitude: -89.523334
  • Postal Code: 63701
  • State Or Province: MO
  • Sub division Name: NA
Taxes and HOA Information
  • List AOR: Southeast Missouri REALTORS
  • Association Fee Frequency: None
  • Prop Asses City Tax: 1
  • Parcel Number: 16-719-00-15-01001-0000
  • Tax Annual Amount: $1,385.00
  • Tax Year: 2023
Owner
  • Owner Name: 510 Washington Llc
Parking
  • Attached Garage: No
  • Parking Features: Off Street, On Street
  • Driveway: Gravel,Shared
School Information
  • Elementary School: Blanchard Elem.
  • High School: Central High
  • High School District: Cape Girardeau 63
  • Middle Or Junior School: Central Jr. High
Property
Lot Information
  • Lot Size Acres: 0.215
  • Lot Size Dimensions: 60x170
  • Lot Size Source: County Records
  • Lot Size Square Feet: 9365.0
  • Property Sub Type: Multi-Family 2-4
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3300.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Building Desc: Other
  • Photos Count: 1
  • Videos Count: 0
  • Year Built: 1900
  • Disclosures: Unknown,Agent Owned,Flood Plain No,Sellers Discl Not Av
  • Age: 124
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Some Disposal(s), Some Refrigerator(s), Some Range Oven(s), Some Smoke Alarm(s), Washer/Dryer
  • Heat Source: Gas
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Type of Units: 3-Family
Income & Expenses
  • Net Operating Income: $23,520.00
  • Operating Expense Includes: Water/Sewer,Taxes,Trash,Fixed Expenses,Maintenance Gounds,Manager
  • Total Expenses: 5280.00
Unit 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Rooms: 2
  • UnitType Beds Total: 1.0
Unit 2
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Rooms: 2
  • UnitType Beds Total: 1.0
Unit 3
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Rooms: 5
  • UnitType Beds Total: 4.0
Rental
Rent Information
  • Lease Term: Leases, Month To Month, Subsidized Rents
  • Tenant Pays: Electricity, Gas

Property History for 510 Washington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 510 Washington Avenue

Taxable ValueLand$1,190Additions$25,450Total$26,640
Tax Record2023$1,386 ($115 / month)
Home Facts
Baths3Total Finished SqFt2,517 SqFtAbove Grade Finished SqFt2,517 SqFtStories2Lot Size9,365 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCAPE GIRARDEAUAPN167190015010010000

Schools near 510 Washington Avenue

This home is within Cape Girardeau 63 School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Blanchard Elementary School
PublicPK to 4

Central Middle School
Public5 to 6

Central Jr. High School
Public7 to 8

Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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510 Washington Avenue is a multi-family home for sale in Cape Girardeau, MO 63701. This property was listed for sale on November 27, 2024 by EXP Realty, LLC, it's currently listed at $235,000. This listing's school district is Cape Girardeau 63 School District. Nearby schools include Blanchard Elementary School, Central Middle School and Central Jr. High School. 510 Washington Avenue is a 0-bed, 0-bath, 3,300 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, LLC

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.