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Listed by Gregory Mccord • EXP Realty LLC
$550,000
Est. payment /mo
0.39 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 2628323
Year Built 2003
Annual Tax Amount $3,773
Lot Size 0.388 Acres
Acres 0.38799357
Property Sub-Type Apartment
Source hmls
Property Description
Attention investors! Don't miss out on this excellent, low-maintenance income property centrally located just off 2nd Street in the heart of Odessa. Built in 2003, this stable multifamily asset offers an incredible opportunity to add a strong cash-flowing property to your portfolio.
The property boasts a history of high stability with multiple long-term tenants currently in place. All units are currently rented on a month-to-month basis at $750/month, offering a new owner immediate rental income with significant, flexible upside potential to bring rents to market rate.
The building is designed for seamless property management with separate meters for all units, keeping your operational overhead incredibly low.
Property Highlights
Strong Layout: 6 total units featuring 12 bedrooms and 6 bathrooms (functional 2-bed, 1-bath floor plans).
Immediate Income: Fully occupied/active units pulling in a steady $750/month each.
Value-Add Potential: All leases are month-to-month, offering excellent additional income potential through strategic modern upgrades or market rate adjustments.
Tenant-Paid Utilities: Units are individually metered; tenants are responsible for their own utility bills.
Low Maintenance: Built in 2003 with durable frame construction, a dedicated surface parking lot, and a low-maintenance exterior.
Important Showing Information
Please Read Carefully Before Requesting a Showing: Out of strict respect for our long-term tenants' privacy, occupied units are not accessible for initial walk-throughs.
Showings will be exclusively scheduled for a single unit. Full inspection of all remaining units will be accommodated and allowed only upon an accepted contract.
Bring your portfolio to the next level with a reliable, stabilized asset with clear growth potential in Lafayette County.
The property boasts a history of high stability with multiple long-term tenants currently in place. All units are currently rented on a month-to-month basis at $750/month, offering a new owner immediate rental income with significant, flexible upside potential to bring rents to market rate.
The building is designed for seamless property management with separate meters for all units, keeping your operational overhead incredibly low.
Property Highlights
Strong Layout: 6 total units featuring 12 bedrooms and 6 bathrooms (functional 2-bed, 1-bath floor plans).
Immediate Income: Fully occupied/active units pulling in a steady $750/month each.
Value-Add Potential: All leases are month-to-month, offering excellent additional income potential through strategic modern upgrades or market rate adjustments.
Tenant-Paid Utilities: Units are individually metered; tenants are responsible for their own utility bills.
Low Maintenance: Built in 2003 with durable frame construction, a dedicated surface parking lot, and a low-maintenance exterior.
Important Showing Information
Please Read Carefully Before Requesting a Showing: Out of strict respect for our long-term tenants' privacy, occupied units are not accessible for initial walk-throughs.
Showings will be exclusively scheduled for a single unit. Full inspection of all remaining units will be accommodated and allowed only upon an accepted contract.
Bring your portfolio to the next level with a reliable, stabilized asset with clear growth potential in Lafayette County.
Location
State MO
County Lafayette
Zoning R3
Interior
Heating Electric
Cooling Electric
Fireplace N
Laundry Inside
Exterior
Parking Features false
Utilities Available Cent Water Heater
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Concrete,Vinyl Siding
Schools
Elementary Schools Odessa
Middle Schools Odessa
High Schools Odessa
School District Odessa
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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