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Listed by Adam Stark Adam Stark Home Selling Team
$ 369,900
Est. payment | /mo
3,432 SqFt
$ 369,900
Est. payment | /mo
3,432 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $107
MLS Listing ID 10072487
Abv Grd Liv Area 3,432
Year Built 1984
Lot Size 10,890 Sqft
Acres 0.25
Source Jefferson City Area Board of REALTORS®
Land Area 3432
Property Description
Marketing Remarks: Turnkey 4-Plex - 8% CAP | Updated Units | Management in Place 100% Occupancy. Here's your chance to own a cash-flowing, fully managed 4-unit apartment building in a strong rental location. This property features four spacious 2 bed / 1 bath units (875 sq ft each) — many recently renovated — and is an ideal investment for both first-time multi-family buyers and seasoned investors. Key Highlights: Immediate Cash Flow: Current rent roll $3,300/mo with upside to $3,700/mo once at full market rents. Market Rent Growth: New leases at $850/mo; market supports $925/mo without major upgrades. Tenant-Paid Utilities: Water, sewer, and trash billed back monthly, boosting NOI. Recent $30K+ CapEx Improvements: New LVP flooring in units & entry stairway Fresh paint throughout Updated appliances, lighting, trim, and doors Multiple newer water heaters Painted kitchen cabinets & new exterior entry door. 100% Occupancy! Hassle-Free Operations: Professional management in place plus on-site contractor willing to remain. Construction & Layout Benefits: Solid brick & siding construction for low maintenance Simple, efficient floorplans that appeal to long-term tenants Shared off-street parking lot with neighboring identical building 📍 Location: Convenient to schools, shopping, and main roads, ensuring steady rental demand. 💡 Investor Tip: Purchase the adjacent identical 4-plex for a total of 8 units and enjoy economies of scale with shared parking, management, and maintenance.
Location
State MO
County Cole
Zoning Other
Interior
Heating Forced Air, Electric
Cooling Central Air, None
Exterior
Parking Features Assigned
View Y/N No
Building
Building Description Vinyl Siding,Brick, County Records
Sewer Public Sewer
Structure Type Vinyl Siding,Brick
Nearby Locations
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Kim Idel
REALTOR® | Lic# 2012009605