Here is an excellent opportunity to acquire an 8-unit multifamily investment property in La Monte, Missouri, offering investors a combination of immediate rental income, 100% occupancy, potential rent growth, and room for future expansion. The property consists of four separate buildings with two units per building, for a total of 8 two-bedroom, one-bathroom units situated on approximately 1.09 acres. The property is currently 100% occupied, providing an established income stream from day one. In addition to the existing cash flow, there is significant upside through bringing rents closer to current market rates, giving an investor the opportunity to increase gross rental income over time. One of the most compelling aspects of this investment is the potential to expand the property. The approximately 1.09-acre site provides space to potentially construct two additional rental units, creating an opportunity to increase the property's total unit count from 8 to 10 units and further enhance its income-producing potential.
Investment Highlights
8 total units - 4 buildings – 2 units per building
2 bedrooms / 1 bathroom per unit
100% currently occupied
Approximately 1.09 acres
Opportunity to increase rents to market rates
Potential to add 2 additional units
Established multifamily rental property
Opportunity for both current income and future value creation
This property is well suited for an investor looking for an income-producing multifamily asset with multiple avenues for growth. With all 8 units currently occupied, the property provides an established rental base while offering additional upside through rent optimization and potential expansion. To register and bid, visit www.bigiron.com.