301 Mount Vernon Blvd - Apartments FOR SALE


Mount Vernon, MO 65712
$900,000 USD
417-501-5091
301 Mount Vernon Blvd, Mount Vernon, MO for Sale
$900,000 USD
Apartments - FOR SALE
1/52
null | Request Cap Rate

301 Mount Vernon Blvd
Mount Vernon, MO 65712


OVERVIEW

Located at 301 Mount Vernon, this fully renovated multi-family investment opportunity offers immediate income with excellent long-term upside. The property consists of 9 apartment units, including eight 1-bedroom units and one 2-bedroom unit, with 8 of the 9 units currently leased, generating $6,850 in monthly rental income. Every unit has been extensively updated with new flooring, fresh paint, and updated appliances, providing a turnkey asset with reduced maintenance and strong tenant appeal. Situated on 2.91 acres, the property offers additional land for potential future expansion, creating an opportunity for increased income potential. Buyers should note that the front portion of the property lies within a floodplain, and any future development plans should be verified through the purchaser's own due diligence. Additional amenities include a central coin-operated laundry facility, paved parking, and a convenient location with easy access to local employers, schools, and amenities. Whether you're looking to add a stabilized asset to your portfolio or capitalize on future expansion opportunities, this well-maintained apartment complex presents a compelling investment with immediate cash flow and value-add potential.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

9

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.91 AC

LAND SF

126,760 SF

ZONING

R-3

APN/PARCEL ID

09-9.0-31-002-039-006.000

ASK ABOUT THIS PROPERTY

Adam GraddyKeller Williams Realty Greater SpringfieldMore Info
417-501-5091

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Adam GraddyKeller Williams Realty Greater SpringfieldMore Info
417-501-5091

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