Map location of 1031 Ivey Lane, Lebanon, MO 65536
$1,995,000
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1031 Ivey Lane, Lebanon, MO 65536

 Contact
- Beds
0 Baths
33,904 Sq Ft

Lebanon Sundance Apartments is a well maintained two building low rise apartment complex located in Lebanon, MO with easy on/off to I-44 and immediate proximity to all local services and amenities. This is an attractive affordable housing community designed to provide affordable rent to moderately low and middle income individuals and families. There is a strong rental demand for these units, hence a low vacancy rate. Property has an onsite Property Manager and office. Landlord pays water, sewer and trash, and, Tenants pay their other utilities. There is an onsite walking trail, picnic area, volley ball court and playground, plus plenty of open space. This is a stable and profitable investment showing a 5.5 cap rate and the ability to increase rents 7% per year. There is a tremendous windfall profit potential in 2028 when property is released from LIHTC program and able to achieve market rents (see LIHTC Program addendum).Shown by appointment only. Sale subject to MHDC approval.

Listing By: David Waln - Keller Williams Greater Springfield momaris Realty.com
  • MLS# 21009770
  • Date Listed02/19/2021
  • Bedrooms -
  • Bathrooms
  • Lot Size 4.45 acres (193,842 sq. ft)
  • Sewer Public Sewer
  • Subdivision Lebanon Sundance Apartments
  • Property Type Multi Family
  • County Laclede-MO
  • Year Built 1999
  • Water Public
  • Square Feet 33,904 sq. ft
  • Price Per Sq. Ft $58.84

Interior Features

  • Appliances Gas Water Heater
  • Cooling Central Air, Electric
  • Heating Forced Air, Varies by Unit, Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 4.45
  • Lot Size SQFT 193,842.00
  • Lot Features -

Directions

From I-44 northbound to Lebanon take the first Lebanon exit, 127, then left at Morgan Rd and continue straight to Ivey Lane, then left about 1 block to property on right.

Financial Considerations

  • Tax Amount $7,043
  • Terms Cash, Conventional, FHA, VA Loan

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in MO / 65536

Source: Walkscore

27/100

Car-Dependent

Walk Score ®

38/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 7/100, Transit Score: 0/100, Bike Score: 23/100.

Property Change History

Price Per Square Foot increased from $53.09 to $58.84

Points of Interest near 1031 Ivey Lane, Lebanon, MO 65536

Frequently Asked Questions for 1031 Ivey Lane

Source: Realty.com

1031 Ivey Lane, Lebanon, MO 65536 is a Multi Family, Residential Income property listed for $1,995,000 The property is 33904 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 22 photos of 1031 Ivey Lane.

Our records indicate that 1031 Ivey Lane was built in 1999.

The full address for this home is 1031 Ivey Lane, Lebanon, MO 65536.

1031 Ivey Lane has been listed on Realty.com since Fri February 19, 2021

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 7/100, Transit Score: 0/100, Bike Score: 23/100.

Listing provided courtesy of: Keller Williams Greater Spring (tel: 417-883-4900)
Listing agent: David Waln (#DAVWALN)

This content last refreshed on 2025-12-19 07:14:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1031 Ivey Lane, Lebanon, MO 65536 : MLS# 21009770

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