Excellent investment opportunity for 21 apartment units in the heart of the Ozarks, Warsaw, Missouri. Offering a great unit mix of 1, 2, and 3 bedroom units, as well as 4 convenient storage units on a spacious 1 ¼ acre lot. The units boast a strong rental history, with high demand leading to swift lease up and sustained occupancy. All units are on city utilities, and 14 of the 21 units are separately metered for electricity with tenants paying in their names. 7 units are on one meter with landlord paying electricity for those, landlord pays water for all but 1 unit. There is fantastic value add opportunity, with multiple units under market rent, as well as on site coin laundry room that is currently not being utilized. Or monthly utility fees to help offset utility expenses. A significant portion of the units have been recently renovated, offering upgraded paint, vinyl plank flooring, mini split systems, decking, and more. This prime location presents an attractive opportunity to expand your portfolio in a desirable market. Note: all units are currently occupied, and showing requires an executed LOI or Purchase and Sale Agreement. All units can be viewed/ inspected during diligence period. Site visits are encouraged, please do not disturb tenants.
Warsaw is located in Missouri. Warsaw, Missouri has a population of 2,309. Warsaw is more family-centric than the surrounding county with 28.79% of the households containing married families with children. The county average for households married with children is 19.11%.
The median household income in Warsaw, Missouri is $29,583. The median household income for the surrounding county is $35,097 compared to the national median of $57,652. The median age of people living in Warsaw is 40.6 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 20 degrees. The average rainfall is approximately 44.4 inches per year, with 2.3 inches of snow per year.