This well-maintained 36-unit property features 31-1beds, 4-2beds, and 1 commercial space. The asset has undergone major capital improvements in the last few years, including a new roof, new siding, and electrical upgrades, delivering true peace of mind for the next owner. With these significant updates completed, this is a low-maintenance, turnkey investment. The property is currently operating at an impressive 10% cap rate with stable operations, low vacancy, and strong cash flow. Rental demand remains consistent while the commercial space is a prime opportunity to add additional income. This asset offers both immediate and returns and future upside potential.
This 36 unit complex has been completely remodeled inside and out. Brand new roof, siding, all the individual rooms have newer HVAC units with remote controls, flooring, paint, plumbing, Electric updated and a brand new solar system installed. There are 36 total units. 35 furnished residential units and 1 commercial space. Located just off HWY 70 ensuring high occupancy rates and consistent demand.

New Florence is located in Missouri. New Florence, Missouri has a population of 859. New Florence is less family-centric than the surrounding county with 27.51% of the households containing married families with children. The county average for households married with children is 28.38%.
The median household income in New Florence, Missouri is $48,173. The median household income for the surrounding county is $54,390 compared to the national median of $69,021. The median age of people living in New Florence is 41.3 years.
The average high temperature in July is 87.1 degrees, with an average low temperature in January of 19.4 degrees. The average rainfall is approximately 43.7 inches per year, with 16.6 inches of snow per year.