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. Units currently grossing $15,751 mo 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. P & l available upon request
Sold on 09/12/24
Price Unknown
600 W Jackson St, Warsaw, MO 65355
--beds
--baths
--sqft
Multi Family
Built in 1945
-- sqft lot
$1,171,900 Zestimate®
$--/sqft
$982 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 13, 2024 at 01:08pm
Listed by:
Dillon Wing 660-492-6989,
RE/MAX TRUMAN LAKE 660-885-2201,
Charles M Gray 660-525-0393,
RE/MAX TRUMAN LAKE
Bought with:
Non Member Non Member
Non Member Office
Source: WCAR MO,MLS#: 97285
Facts & features
Interior
Heating
- Ductless
Cooling
- Electric
Appliances
- Included: All Apartments, Oven/Range, Refrigerator
Features
- Has basement: Yes
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony, Private Entrance
Lot
- Size: 1.25 Acres
Details
- Wooded area: 174240
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Metal
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Warsaw
- Subdivision: Unknown
Other
Other facts
- Listing terms: For Sale Only