# 608 N Central Avenue, Monett, MO 65708

> **TL;DR:** 3bd/0ba residential multi family, $265,000 ($132/sqft), built 1900, 2,001 sqft. Est. $1,417/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $265,000 |
| Price/sqft | $132 |
| Bedrooms | 3 |
| Square Feet | 2,001 |
| Year Built | 1900 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,340 |
| Estimated Insurance | $77 |
| **Total** | **$1,417** |

## Nearby Schools

- **Elementary:** Monett
- **Middle:** Monett
- **High:** Monett

## Property Highlights

- Built in 1900
- 0.20 acre lot

## Description

### Agent Description
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 approximately $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 portfolio, 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.

## Location

- **Address:** 608 N Central Avenue, Monett, MO 65708
- **County:** Barry
- **Neighborhood:** Barry-Not in List
- **Coordinates:** 36.924637, -93.927778
- **Google Maps:** https://www.google.com/maps?q=36.924637,-93.927778

## Listing Agent

- **Name:** Rebekah K. Jones
- **Brokerage:** Epique Realty
- **Phone:** 4175283831

## Primary Photo

![608 N Central Avenue - Primary Photo](http://lh.rdcpix.com/48524a939f0dfbe9169c9f0ccbf88b53l-f2092625338r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.ai/listing/608-n-central-avenue-monett-mo-65708-60327703)*

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**MLS#:** 60327703 | **Updated:** 2026-08-01
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/608-n-central-avenue-monett-mo-65708-60327703)

---

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