Listed By:
RE/MAX TRUMAN LAKE
Address
600 W Jackson Street, Warsaw, MO
Price
$ 1,350,000
Property Attributes
  • MLS#2481374
  • TypeMulti-Family
  • CountyBENTON
  • CityWarsaw
  • Area222 - Benton County
  • Zip65355
  • Style
  • Year Built1945
  • Taxes$ 7768
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.25 Acres
Data Source:
Heartland MLS (HMLS)
Property Description

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.

Price History
4/4/2024 Listed $1,350,000

General Features

Sewer City/Public
Heating Other
Cooling Other
Utilities Ind Heat And Air,Other,Separate Meters
Roof Metal
Zoning R-3
Construction Materials Block,Vinyl Siding
Year Built 1945
Property SubType Apartment
Assoc Fee Paid Per None
County Benton
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name None
Garage Y/N No
Status Active
Directions Corner of W. Jackson & Bolivar. Warsaw,MO
City Warsaw
High School District Warsaw
Total Units 21
MLS Area 222 - Benton County
Lot Size Square Feet 54450
Street Name Jackson
Listing Terms Cash,Conventional
Public Remarks 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 spa
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN Yes

Interior Features

Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N No
Street Suffix Street
Unit Type 1 Bedroom,2 Bedroom,3 Bedroom

Exterior Features

Parking Features Off Street
Water Source Public
Lot Size Area 1.25
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 65355

Price
AVG $740K
$1.35M
Taxes
AVG $4,066
$7,768
Visits
AVG 387
274
Data Provided by Inside Real Estate®
Year Built
AVG 1937
1945