About This Home
This 3-bedroom, 0-bathroom residential multi family at 608 N Central Avenue in Monett, MO is listed for $265,000 ($132 per sqft). Built in 1900, the home offers 2,001 sqft of living space on a 0.20 acres lot.
Key Features
- Built in 1900
- 0.20 acre lot
Property Details
Cash-flowing investment opportunity with immediate income and value-add potential! This multi-unit property offers investors the opportunity to acquire an asset with existing rental income and significant upside through the renovation of a third unit.The property consists of three separate residential units: Unit 1: A detached 580 sq.
ft. one-bedroom, one-bath cottage with a screened porch, currently leased at $725/month. Unit 2: A 450 sq. ft. studio apartment, currently leased at $725/month. Unit 3: A 971 sq. ft. two-bedroom apartment with central heat and air. The unit is currently vacant and requires a complete interior renovation but offers an estimated market rent of approx
imately $850/month once completed.Current gross rental income is $1,450/month, with a projected gross monthly income of approximately $2,300/month after renovation and lease-up of the third unit. Existing tenants have expressed a desire to remain, providing stable occupancy and immediate cash flow for the next owner.Additional improvements include
an oversized attached one-car garage, a workshop/outbuilding, and a well-maintained exterior requiring minimal immediate attention. The property's strong curb appeal and established rental history make it an attractive long-term hold or portfolio addition.Whether you're looking to increase cash flow through light redevelopment, add doors to your po
rtfolio, or capitalize on a partially stabilized asset with upside, this property presents an excellent investment opportunity.Please do not disturb tenants. Units 1 and 2 are tenant occupied. A minimum 24-hour notice is required for all showings.
Monthly Cost Estimate
$1,417/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
608 N Central Avenue
Monett, MO 65708
Barry-Not in List
Questions & Answers
This 3-bedroom, 0-bathroom residential multi family at 608 N Central Avenue is listed at $265,000 ($132/sqft). The estimated monthly payment is $1,417 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.20 acre lot.
This property is listed by Rebekah K. Jones and can be reached at 4175283831.