858-683-7930
221 S Main St, Kennett, MO for Sale
Apartments - FOR SALE
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221 S Main St
Kennett, MO 63857


HIGHLIGHTS

  • Tremendous operational upside by converting the property to market as the LIHTC LURA was terminated in December of 2024 with a 3-year decontrol period
  • Southeast Missouri State University has a regional campus located in Kennett, with the facility undergoing over $1M of renovations since acquisition
  • Strong ability to easily access area amenities as evidenced by a 65 Walk Score and 71 Bike Score
  • Originally the Ely & Walker Shirt Factory No. 5, the property converted to mutifamily housing in 2008 and is listed on the National Register of Histor

FOR SALE DETAILS

PRICE

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# OF UNITS

46

CAP RATE

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% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ely Walker Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

15-01.0-02-102-00-042.000.000

ASK ABOUT THIS PROPERTY

Scott TimpaniBerkadia Commercial Mortgage LLCMore Info
858-683-7930

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Scott TimpaniBerkadia Commercial Mortgage LLCMore Info
858-683-7930

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