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Pending
  • $425,000

    203 Recreation Avenue, Rockaway Beach, MO 65740

    --beds
    --baths
    --sqft
    : 
    Other
    Built in 1940
    -- sqft lot
    $408,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    8-unit rental property in Rockaway Beach, Missouri. The property includes one 3-bedroom/2-bath house, one 3-bedroom/1-bath unit, four 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. All units are currently rented with long-term leases in place, bringing in a total of $7,485 per month. Tons of updates/remodels have been made in recent years, and there is room for more improvements that could increase rental income and value. With a solid cap rate based on current income, the property also has potential for higher returns if converted to short-term rentals. Located near Lake Taneycomo, this is a strong investment opportunity with steady cash flow!
    6 days
    on Zillow
    |
    150
    |
    8
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: May 04, 2025 at 06:27pm

    Listed by:

    Robert Blitch 417-337-0452,

    Keller Williams

    Source: SOMOMLS,MLS#: 60293195MLS Logo
    Travel times

    Facts & features

    Interior

    Heating
    • Baseboard, Space Heater
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Refrigerator, Microwave
    Features
    • Formal Living
    • Flooring: Carpet

    Property

    Parking
    • Parking features: 1 per Unit
    Features
    • Fencing: Fenced Area
    Lot
    • Size: 0.46 Acres
    • Dimensions: 200X100
    Details
    • Additional structures: Four or More Buildings
    • Parcel number: 081.012003037001.000
    • Zoning: Motel/ Multi-fa

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Other
    Materials
    • Vinyl Siding
    • Roof: Composition,Asphalt
    Condition
    • Year built: 1940

    Utilities & green energy

    • Utilities for property: Sewer Available

    Community & HOA

    Community
    • Subdivision: Rockaway Beach
    Location
    • Region: Rockaway Beach

    Financial & listing details

    • Tax assessed value: $89,700
    • Annual tax amount: $1,003
    • Date on market: 4/29/2025
    • Listing terms: Cash,1031 Exchange
    • Total actual rent: 7485
    • Road surface type: Asphalt
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