Details for Listing #7007

For Sale - Income-Producing Multi-Unit Property in West Plains, MO! Prime Investment Opportunity in Howell County Discover 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 Deck Five (5) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck One (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck Spacious parking lot and outdoor green space Situated on a .48-acre lot in a quiet neighborhood Prime Location - High Rental Demand! Property Highlights: Fully remodeled 7-unit apartment complex - turnkey and like new Strong income producer with an estimated 9.5% cap rate Units 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/night Gross annual rental income: approximately $95,800 Net Operating Income (NOI): approximately $76,000 All units include appliances Owner pays utilities and property taxes Includes Airbnb management potential or option to convert to long-term rental Excellent investment opportunity with low maintenance and high-demand rental units Priced at $799,900 - potential for upside depending on rental mix Located in West Plains, Missouri, this property is just minutes from: Missouri State University - West Plains Downtown West Plains Ozarks Healthcare Restaurants, shopping, and essential amenities Turnkey Investment - Strong ROI Potential New Construction - Modern Features Fully Income-Producing or Investment Opportunity Annual Property Tax: $2,000 Annual Insurance: $2,000 Each unit has separate electric, water, and internet connections This multi-family property for sale in Howell County, Missouri, is an excellent addition to any real estate portfolio. Whether you're looking for a turnkey rental investment or an income-generating property, this one checks all the boxes! Call today to schedule a showing or for more details!

• Deck/Patio
• Paved Road