Tower View Estates, a Fantastic 55+ Community, turnkey investment opportunity for sale! 18 total units with 100% occupancy, located in the growing community of Linn, MO. The property includes a total of almost 8 acres & has the opportunity for development expansion for another 9-units. All newer buildings, constructed in 2017. Currently, there are 3 Multi-Fam Buildings consisting of 2 buildings w/ 12 private units offering 1 bed + 1 bath and 1 building w/ 6 private units offering 2 beds + 1 bath. Each building offers complete main-level living with private laundry hookups. There are 36 off-street parking spots, every unit has its own heating/air conditioner with independent thermostats. Rent rolls, financials, and site plan expansion examples are available. There is a high need and demand for senior housing in the area and this investment fits the bill! Over $74k in annual net income with room to grow on future rents and development expansion. This is a Rare OpportunitY, ACT FAST!
Closed
Price Unknown
204 S 2nd St, Linn, MO 65051
3beds
0baths
13,680sqft
Multi Family
Built in 2017
-- sqft lot
$1,530,200 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: April 28, 2025 at 06:33pm
Listing Provided by:
Jacob J Stallmann 636-234-5838,
ELS Real Estate Group, LLC
Bought with:
Joan M Louis-Saucier, 2001001647
Coldwell Banker Premier Group
Source: MARIS,MLS#: 22036114
Originating MLS: Franklin County Board of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 0
Heating
- Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
- Laundry: In Unit
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 13,680
- Total interior livable area: 13,680 sqft
- Finished area above ground: 13,680
Property
Parking
- Parking features: Assigned
Lot
- Size: 7.99 Acres
Details
- Parcel number: 104018010140008.01
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Low/1-2
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
Condition
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Linn
- Subdivision: Original Town Of Linn
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Private