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Ely Walker Apartments 221 S Main St 46 Unit Apartment Building For Sale Kennett, MO 63857
INVESTMENT 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
- Strong ability to easily access area amenities as evidenced by a 65 Walk Score and 71 Bike Score
- Southeast Missouri State University has a regional campus located in Kennett, with the facility undergoing over $1M of renovations since acquisition
- 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
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.33 AC |
| No. Units | 46 | Building Size | 51,015 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1937/2008 |
| Building Class | C | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.33 AC |
| Building Size | 51,015 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built/Renovated | 1937/2008 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | $995.29 CAD | 1,000 |
| 2+1 | 24 | $1,195 CAD | 1,209 |
1 1
Bike Score®
Very Bikeable (71)
CONTACTS
-
Scott Timpani -
Jordan Skyles -
Ken Aston -
Andrea Kendrick -
Berkadia Commercial Mortgage LLC
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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Ely Walker Apartments | 221 S Main St
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