Each unit has a one stall attached garage. Great Location, Great floor plan. Apartment B tenants have been there for 20 years. All kitchen appliances stay. Tenants pay all utilities and maintain their own yards. Age of HVACs & Roofs unknown by Seller.
Cash-flowing investment opportunity with immediate income and value-add potential! This multi-unit property offers investors the opportunity to acquire an asset with existing rental income and significant upside through the renovation of a third unit.The property consists of three separate residential units: Unit 1: A detached 580 sq. ft. one-bedroom, one-bath cottage with a screened porch, currently leased at $725/month. Unit 2: A 450 sq. ft. studio apartment, currently leased at $725/month. Unit 3: A 971 sq. ft. two-bedroom apartment with central heat and air. The unit is currently vacant and requires a complete interior renovation but offers an estimated market rent of approximately $850/month once completed.Current gross rental income is $1,450/month, with a projected gross monthly income of approximately $2,300/month after renovation and lease-up of the third unit. Existing tenants have expressed a desire to remain, providing stable occupancy and immediate cash flow for the next owner.Additional improvements include an oversized attached one-car garage, a workshop/outbuilding, and a well-maintained exterior requiring minimal immediate attention. The property's strong curb appeal and established rental history make it an attractive long-term hold or portfolio addition.Whether you're looking to increase cash flow through light redevelopment, add doors to your portfolio, or capitalize on a partially stabilized asset with upside, this property presents an excellent investment opportunity.Please do not disturb tenants. Units 1 and 2 are tenant occupied. A minimum 24-hour notice is required for all showings.
Spacious three-story home in need of renovation, offering a great opportunity for investors or buyers ready to take on a project. Property features a large layout, covered front porch, and sits on a generous lot. A second building located at the back of the property provides additional potential--ideal for creating two more apartments or utilizing as extra storage. Being sold as-is--bring your ideas and make it your own!
INCOME-PRODUCING TRIPLEX! This property consists of two two-bedroom units and one one-bedroom unit. Currently, two of the units are occupied, while the owner has just moved out of the third apartment. The total rent for the two rented units is $1,400 per month. You can either live in one of the apartments or rent out the third unit for extra income.
Monett is located in Missouri. Monett, Missouri has a population of 9,512. Monett is more family-centric than the surrounding county with 30.66% of the households containing married families with children. The county average for households married with children is 29.65%.
The median household income in Monett, Missouri is $39,469. The median household income for the surrounding county is $49,574 compared to the national median of $69,021. The median age of people living in Monett is 33.6 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 22.3 degrees. The average rainfall is approximately 45.7 inches per year, with 9.2 inches of snow per year.
