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Excellent investment opportunity for 21 apartment units in the heart of the Ozarks, Warsaw, Missouri. Offering a great unit mix of 1, 2, and 3 bedroom units, as well as 4 convenient storage units on a spacious 1 ¼ acre lot. The units boast a strong rental history, with high demand leading to swift lease up and sustained occupancy. All units are on city utilities, and 14 of the 21 units are separately metered for electricity with tenants paying in their names. 7 units are on one meter with landlord paying electricity for those, landlord pays water for all but 1 unit. There is fantastic value add opportunity, with multiple units under market rent, as well as on site coin laundry room that is currently not being utilized. Or monthly utility fees to help offset utility expenses. A significant portion of the units have been recently renovated, offering upgraded paint, vinyl plank flooring, mini split systems, decking, and more. This prime location presents an attractive opportunity to expand your portfolio in a desirable market. Note: all units are currently occupied, and showing requires an executed LOI or Purchase and Sale Agreement. All units can be viewed/ inspected during diligence period. Site visits are encouraged, please do not disturb tenants.PROPERTY FEATURES
Water Source :
Public
Sewer System :
City/Public
Parking Features :
Roof :
Metal
Age Description :
76-100 Years
Heating :
Other
Construction Materials :
Block
PROPERTY DETAILS
Street Address: 600 W Jackson Street
City: Warsaw
State: Missouri
Postal Code: 65355
County: Benton
MLS Number: 2481374
Year Built: 1945
Courtesy of RE/MAX TRUMAN LAKE
City: Warsaw
State: Missouri
Postal Code: 65355
County: Benton
MLS Number: 2481374
Year Built: 1945
Courtesy of RE/MAX TRUMAN LAKE
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