Address not disclosed, Mt Vernon, MO 65712
Address not disclosed, Mt Vernon, MO 65712
Address not disclosed, Mt Vernon, MO 65712
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Tim Hawley

Tim Hawley

+1(417) 323-2323
$900,000
Est. payment /mo
2.91 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID SOM60327968

Year Built 1945

Annual Tax Amount $2,912

Tax Year 2024

Lot Size 2.910 Acres

Acres 2.91

Lot Dimensions 252.8X438

Property Sub-Type Multi Family

Source somo

Property Description

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.

Location

State MO

County Lawrence

Zoning B-3

Direction In Mt Vernon head East on Mt Vernon Blvd, North on West St.

Interior

Heating Base Board

Cooling Other - See Remarks, Ceiling Fan(s)

Fireplace No

Appliance Range, Refrigerator, Microwave

Heat Source Base Board

Exterior

Parking Features Paved Area

Utilities Available Community, Water Available, Sewer Available, Electricity Available

Waterfront Description None

View City

Roof Type Metal

Building

Sewer Sanitary Sewer

Water City

Structure Type Brick

Schools

Elementary Schools Mt Vernon

Middle Schools Mt Vernon

High Schools Mt Vernon

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Adam Graddy Keller Williams

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Tim Hawley

Tim Hawley

+1(417) 323-2323

Owner - Lead Agent | License ID: 2016007636

Owner - Lead Agent License ID: 2016007636

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