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About This Home
This 0-bedroom, 9-bathroom single family at 515 Nebraska Avenue in West Plains, MO is listed for $799,900. Built in 1972, on a 0.50 acres lot.
For Sale - Income-Producing Multi-Unit Property in West Plains, MO!Prime Investment Opportunity in Howell CountyDiscover a brand-new multi-family investment property at 515 Nebraska Street, West Plains, MO! This former church has been fully converted into eight modern apartments, offering high-quality finishes, excellent location, and strong income potential.Property Features (Largest to Smallest Units):One (1) unit - 850 sq.
ft. | 2 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckFive (5) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckOne (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckSpacious parking lot and o
utdoor green spaceSituated on a .48-acre lot in a quiet neighborhoodPrime Location - High Rental Demand!Property Highlights:Fully remodeled 7-unit apartment complex - turnkey and like newStrong income producer with an estimated 9.5% cap rateUnits include one 2-bed unit ($1,200/month), four 1-bed units ($1,000/month), and one small unit ($900/month)
Seventh unit is an active Airbnb generating approximately $21,900/year at $100/nightGross annual rental income: approximately $95,800Net Operating Income (NOI): approximately $76,000All units include appliancesOwner pays utilities and property taxesIncludes Airbnb management potential or option to convert to long-term rentalExcellent investment opp
ortunity with low maintenance and high-demand rental unitsPriced at $799,900 - potential for upside depending on rental mixLocated in West Plains, Missouri, this property is just minutes from:Missouri State University - West PlainsDowntown West PlainsOzarks HealthcareRestaurants, shopping, and essential amenitiesTurnkey Investment - Strong ROI PotentialNew Construction - Modern Features
Key Features
- Built in 1972
- 0.50 acre lot
Property Details
Amenities
Monthly Cost Estimate
$4,278/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
515 Nebraska Avenue
West Plains, MO 65775
Howell-Not in List
Property Details
Views
Heating
Cooling
Questions & Answers
This 0-bedroom, 9-bathroom single family at 515 Nebraska Avenue is listed at $799,900. The estimated monthly payment is $3,466 based on 20% down at 6.5% interest.
Key features include: Built in 1972, 0.50 acre lot.
This property is listed by Kimberly Grennan and can be reached at 4172937277 or kim@westplainsuc.com.
