$1

204 S Walnut, La Monte MO, 65337

Price per sqft$0.00

Built in1978

Property size6,136 sqft

Property typeCommercial

Overview

Active

Updated 12 days ago

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. This is an online auction property and any prices shown have no bearing on the final bid.

Additional information

MLS^® ID: 11972174

Interior Features

Bedrooms: 0
Bathrooms: 8
Basement: No

Exterior Features

Lot Size: 1.09 Acres

Other Property Details

Taxes: $4,045
Tax Frequency: Annually

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