608 N Central Avenue, Monett, MO 65708 | MLS #60327703
$265,000 | N/A beds | N/A full baths | N/A half baths | 2,001 sqft
Monett, MO 65708
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 2,001SqFt
- 1900Year Built
- 0.20Acres
- MLS# 60327703
- Residential Income
- Duplex
- Active
- Approx Time on Market12 days
- AreaBarry
- CountyBarry
- Subdivision Barry-not In List
Overview
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.
Association Fees / Info
Hoa: No
Building Info
Exterior Features
Financial
1 Bed Unit Price: 1.00
Total Actual Rent: 1,450
Garage / Parking
Green / Env Info
Interior Features
Lot Info
Acres: 0.20
Marina Info
Docks Dock Slip: No
Misc
Insidecitylimits: Yes
Other
Num Eff Units: 1.00
2 Bed Units: 1.00
Foreclosure: No
Property Info
Year Built: 1900
Zoning: Multi-Family
County: Barry
Rental Info
Room Info
Sqft Info
Sqft: 2001
Som Sqft Finished and Unfinished: 2000 - 2199
Tax Info
Tax Legal Description: OAKLAND TO MONETT: S 1/2 LOT 4 & ALL LOT 5, BLOCK 1 (SPLIT: 1900 1SFR 1421 SQ. FT. HOME & LOTS) : SEC:31 TWN:26 RNG:27
Tax Year: 2024
Tax Amount Annual: 442.97
Tax Provided By: Assessor Records
Unit Info
Total Units: 3
Utilities / Hvac
Sewer: Public Sewer
Cooling: Other - See Remarks
Water Source: City
Heating: Other
Waterfront / Water
Waterfront View: None
Lake River: None
Directions
Headed South on Central Ave in Monett. Home is on the right.Listings courtesy of Epique Realty
MLS# 60327758 
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