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Listed by Adam Stark Adam Stark Home Selling Team
$ 509,900
Est. payment | /mo
4,600 SqFt
$ 509,900
Est. payment | /mo
4,600 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $110
MLS Listing ID 10073842
Abv Grd Liv Area 2,600
Year Built 1998
Lot Size 0.300 Acres
Acres 0.3
Source Jefferson City Area Board of REALTORS®
Land Area 4600
Property Description
Value-Add 4-Unit Investment Opportunity with Strong Rental Upside!
Well-located and partially updated 4-unit apartment building offering a great opportunity for investors seeking future growth. The property features a desirable unit mix of two 3 bed / 2 bath units with 1-car garages and two 2 bed / 1 bath units, appealing to a wide tenant base.
Current projected gross annual income is approximately $51,600. 2 units currently vacant and recently renovated--positioning the next owner to place 2 tenants at market rents.
Significant upside potential:
Under-market rents on Units A & D with $100-$200/month increase potential
Strong market support for projected rents of approximately $1,350 (3 bed units) and $950 (2 bed units)
Proforma gross income of approximately $55,000 annually
Recent improvements include Unit A fully remodeled in 2024, Unit D remodeled in 2024, and Unit B & C renovated in 2025, allowing for continued value enhancement.
Additional peace of mind with a newer roof (installed approx. 6 months prior to 2021 purchase).
With a solid unit mix, ongoing improvements, and clear path to increased cash flow, this property offers an ideal blend of stability, upside, and long-term investment potential.
Well-located and partially updated 4-unit apartment building offering a great opportunity for investors seeking future growth. The property features a desirable unit mix of two 3 bed / 2 bath units with 1-car garages and two 2 bed / 1 bath units, appealing to a wide tenant base.
Current projected gross annual income is approximately $51,600. 2 units currently vacant and recently renovated--positioning the next owner to place 2 tenants at market rents.
Significant upside potential:
Under-market rents on Units A & D with $100-$200/month increase potential
Strong market support for projected rents of approximately $1,350 (3 bed units) and $950 (2 bed units)
Proforma gross income of approximately $55,000 annually
Recent improvements include Unit A fully remodeled in 2024, Unit D remodeled in 2024, and Unit B & C renovated in 2025, allowing for continued value enhancement.
Additional peace of mind with a newer roof (installed approx. 6 months prior to 2021 purchase).
With a solid unit mix, ongoing improvements, and clear path to increased cash flow, this property offers an ideal blend of stability, upside, and long-term investment potential.
Location
State MO
County Cole
Rooms
Basement Walk-Out Access
Interior
Heating Forced Air, Electric
Cooling Central Air
Fireplace No
Exterior
Parking Features Additional Parking
Garage Spaces 2.0
View Y/N No
Building
Building Description Vinyl Siding,Brick, Other
Structure Type Vinyl Siding,Brick
Schools
Elementary Schools Pioneer Trail
Middle Schools Thomas Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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Kim Idel
REALTOR® Lic# 2012009605