109-111 Commercial St - Apartments FOR SALE


Warrensburg, MO 64093
$7,250,000 USD
660-864-7675
109-111 Commercial St, Warrensburg, MO for Sale
$7,250,000 USD
Apartments - FOR SALE
1/82
null | 6.82% Cap Rate

109-111 Commercial St
Warrensburg, MO 64093


HIGHLIGHTS

  • Prime downtown Warrensburg location within walking distance to local bars, restaurants, and the University of Central Missouri.
  • 75-unit, well-maintained apartment community featuring clean, spacious units with consistent rental demand.
  • Tenant-friendly amenities including internet and trash service included, supporting strong occupancy and retention.

OVERVIEW

Midtown Apartments is a 75-unit, all-brick apartment community with steel-frame construction, meticulously maintained and positioned in a prime downtown Warrensburg location within walking distance to bars, restaurants, and University of Central Missouri. The property is turnkey with experienced on-site management in place, providing a seamless transition for a new owner. Select units are operating as short-term rentals that are currently cash-flowing, with additional units in the process of being converted, offering both stabilized income and upside potential. Internet and trash are included, and the asset benefits from strong tenant demand, operational efficiency, and long-term durability due to its quality construction and attentive ownership.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

75

PRICE/UNIT

$96,667

CAP RATE

6.82%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.89 AC

LAND SF

125,907 SF

ZONING

R4

APN/PARCEL ID

12602403025000501,12602403025001200

ASK ABOUT THIS PROPERTY

Charles NortonThe Next Door AgentsMore Info
660-864-7675

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Charles NortonThe Next Door AgentsMore Info
660-864-7675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.