301 W Mount Vernon Boulevard, Mt. Vernon, MO 65712 | MLS #60327968
$900,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Mt. Vernon, MO 65712
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/ASqFt
- 1945Year Built
- 2.91Acres
- MLS# 60327968
- Residential Income
- Multi Family
- Active
- Approx Time on Market10 days
- AreaLawrence
- CountyLawrence
- Subdivision N/a
Overview
Located at 301 Mount Vernon, this fully renovated multi-family investment opportunity offers immediate income with excellent long-term upside. The property consists of 9 apartment units, including eight 1-bedroom units and one 2-bedroom unit, with 8 of the 9 units currently leased, generating $6,850 in monthly rental income. Every unit has been extensively updated with new flooring, fresh paint, and updated appliances, providing a turnkey asset with reduced maintenance and strong tenant appeal. Situated on 2.91 acres, the property offers additional land for potential future expansion, creating an opportunity for increased income potential. Buyers should note that the front portion of the property lies within a floodplain, and any future development plans should be verified through the purchaser`s own due diligence. Additional amenities include a central coin-operated laundry facility, paved parking, and a convenient location with easy access to local employers, schools, and amenities. Whether you`re looking to add a stabilized asset to your portfolio or capitalize on future expansion opportunities, this well-maintained apartment complex presents a compelling investment with immediate cash flow and value-add potential.
Association Fees / Info
Hoa: No
Building Info
Amenities: Laundry
Roof: Metal
Construction Materials: Brick
Exterior Features
Financial
1 Bed Unit Price: 8.00
Total Actual Rent: 6,850
Garage / Parking
Garagetype: Paved Area
Green / Env Info
Interior Features
Appliances: Range, Refrigerator, Microwave
Lot Info
Acres: 2.91
Lot Size: 252.8X438
Marina Info
Misc
Insidecitylimits: Yes
Other
Other Structures: One
2 Bed Units: 1.00
Foreclosure: No
Property Info
Year Built: 1945
View: City
Zoning: B-3
County: Lawrence
Rental Info
Room Info
Sqft Info
Som Sqft Finished and Unfinished: 5000 or more
Tax Info
Tax Legal Description: MT.VERNON BLVD,W,301; BEG AT SW COR OF LOT 3 THEN S316' W223.83' N125' W50' N381' E252.83' S190' TO POB - WALNUT PARK ADD - MT VERNON
Tax Year: 2024
Tax Amount Annual: 2912.46
Tax Provided By: Assessor Records
Unit Info
Total Units: 9
Utilities / Hvac
Sewer: Sanitary Sewer
Cooling: Other - See Remarks, Ceiling Fan(s)
Utilities: Community, Water Available, Sewer Available, Electricity Available
Water Source: City
Heating: Base Board
Waterfront / Water
Waterfront View: None
Lake River: None
Directions
In Mt Vernon head East on Mt Vernon Blvd, North on West St.Listings courtesy of Keller Williams - [email protected]
Listings courtesy of Southern Missouri Regional MLS as distributed by MLS GRID. The data relating to real estate for sale on this web page comes in part from the Internet Data Exchange ("IDX") of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than Landmark Brokers are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is for consumer's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information being provided is not guaranteed, and all information should be verified by the consumer. Any representation that a web site contains all listings shall only mean that the website contain all listing available to the public through the IDX data feed. There may be other properties offered through a REALTOR© that have not been displayed on this site. Southern Missouri Regional MLS, LLC.
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