Property Description

For Sale - Income-Producing Multi-Unit Property in West Plains, MO!Prime Investment Opportunity in Howell CountyDiscover 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 mixLocated in West Plains, Missouri, this property is just minutes from:Missouri State University - West PlainsDowntown West PlainsOzarks HealthcareRestaurants, shopping, and essential amenitiesTurnkey Investment - Strong ROI PotentialNew Construction - Modern Features Fully Income-Producing or Investment OpportunityAnnual Property Tax: $2,000Annual Insurance: $2,000Each unit has separate electric, water, and internet connectionsThis 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!

Property Features