52,000 Sq Ft Historic Building

[Sawyer Smith]

Investment Info:

Large multi-family (5+ units) other investment in Joplin.

Purchase price: $450,000
Cash invested: $95,000

This Old YMCA building was built in 1921. This property will be renovated into an apartment building with a projected NOI of close to $400k and produce close to $2,000,000 in Historical Tax Credits. The building will also feature an indoor pool, gym, sandwich shop, and rock climbing wall.