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Listed by Julie Tobin • Shirleys Realty
$405,000
Est. payment /mo
9,148 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2613703
Year Built 2001
Lot Size 9,148 Sqft
Acres 0.21000919
Property Sub-Type Quadruplex
Source hmls
Property Description
Remarks & Directions
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.
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.
Location
State MO
County Nodaway
Zoning R-2M
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Water Heaters, Multi-Unit Heat/Air
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
School District Maryville
Others
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
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Chrissy Frazier
Agent License ID: KS SP00237935 & MO 2016044210
+1(816) 518-4181 | chrissy.frazier@kcabode.com