204 N Walnut St - Multi-Family FOR SALE


La Monte, MO 65337
$750,000 USD
660-669-0088
204 N Walnut St, La Monte, MO for Sale
$750,000 USD
Multi-Family - FOR SALE
1/34
null | Request Cap Rate

204 N Walnut St
La Monte, MO 65337


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$515 USD /SF

# OF UNITS

8

PRICE/UNIT

$93,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit Multifamily Investment Opportunity

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

Residential

APN/PARCEL ID

126014223003000,126014223003001

ASK ABOUT THIS PROPERTY

Justin HubbsBigIron RealtyMore Info
660-669-0088

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Justin HubbsBigIron RealtyMore Info
660-669-0088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.