About This Home

This 4-bedroom, 1-bathroom residential multi family at 18800 2nd Avenue in Wheatland, MO is listed for $40,000. Built in 1970, on a 0.35 acres lot.

Key Features

  • Built in 1970
  • 0.35 acre lot

Property Details

1 full
1970

Amenities

A/C
Listing Description

2 Houses. 1 Price. And a whole lot of upside.Everybody talks about finding cash flow. Most spend months looking. This one's sitting right here.Two mobile homes selling together for just $40,000 on a corner lot, with an additional third utility hookup already in place for another mobile home or camper.One home is currently rented to a long-term tenant at $300/month, and the other was recently vacant after bringing in $300/month.

That's $600/month in gross rental potential from the existing homes, with even more upside if you add a third unit or camper to the extra hookup. $600/month current gross income potential Third hookup ready for another home or RV/camper Strong cap rate at the asking price Value-add opportunity through updates and rent increases Long-term tenant alr

eady in place Corner lot with added flexibility Close to Lucas Oil Speedway and Pomme de Terre LakeWhether you're looking for your first investment property or another addition to your portfolio, deals under $50,000 with existing income and expansion potential are getting harder to find.Not flashy. Not fancy. Just the kind of property investors quietly buy while everybody else is chasing the next shiny thing.Give me a call before somebody else runs the numbers.

Monthly Cost Estimate

$214/mo

20% down · 6.5% · 30 years

Principal$29
Interest$173
Insurance$12

Estimates only. Actual payments may vary.

Location

18800 2nd Avenue

Wheatland, MO 65779

Hickory-Not in List

Property Details

Construction

Metal

Cooling

Window Unit(s)

Questions & Answers

This 4-bedroom, 1-bathroom residential multi family at 18800 2nd Avenue is listed at $40,000. The estimated monthly payment is $214 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 0.35 acre lot.

This property is listed by Nicholas Lemuel Henderson and can be reached at 4178406894.

NH

Nicholas Lemuel Henderson

Agent at Akins Realty

(417) 840-6894

Listed by Akins Realty · Broker phone: 4179935622 · View on Broker Site

MLS# 60325877· Source: Southern Missouri Regional MLS, LLC (SOMO)· 128 days on PropertySimple

Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

18800 2nd Avenue, Wheatland, MO 65779

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