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Listed by Julie Tobin • Shirleys Realty
$405,000
Est. payment /mo
0.42 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2609899
Year Built 2001
Lot Size 0.420 Acres
Acres 0.4199954
Property Sub-Type Quadruplex
Source hmls
Property Description
Proven income-producing fourplex with strong occupancy and clear value-add potential. All units are 3 bedroom and currently rent at $950/month, providing immediate cash flow with upside for future rent increases. Owner covers water, trash, lawn care, and snow removal; tenants pay remaining utilities.
Recent improvements include new flooring and paint, with one fully renovated unit featuring a new kitchen and appliances—demonstrating the ability to continue updating units and drive rents.
2025 financials reflect a one-time spike in expenses due to restoration and capital improvements, significantly impacting reported NOI. Prior years show substantially stronger performance, and with stabilized expenses, the property supports a much stronger pro forma return.
All units are leased through April 2027, providing secure, predictable income and minimizing near-term vacancy risk.
Strong rental history, solid tenant base, and opportunity to increase income through continued updates make this an attractive long-term investment or portfolio addition
Recent improvements include new flooring and paint, with one fully renovated unit featuring a new kitchen and appliances—demonstrating the ability to continue updating units and drive rents.
2025 financials reflect a one-time spike in expenses due to restoration and capital improvements, significantly impacting reported NOI. Prior years show substantially stronger performance, and with stabilized expenses, the property supports a much stronger pro forma return.
All units are leased through April 2027, providing secure, predictable income and minimizing near-term vacancy risk.
Strong rental history, solid tenant base, and opportunity to increase income through continued updates make this an attractive long-term investment or portfolio addition
Location
State MO
County Nodaway
Zoning R-2M
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Laundry Inside
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
School District Maryville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Chrissy Frazier
Agent License ID: KS SP00237935 & MO 2016044210
+1(816) 518-4181 | chrissy.frazier@kcabode.com