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Listed by Kimberly Grennan United Country Missouri Ozarks Realty Inc.

$799,900

Est. payment - /mo

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9 Baths

4,800 SqFt

Active

515 Nebraska Avenue West Plains, MO 65775

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Key Details

Property Type Commercial

Sub Type Commercial Sale

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $166

Subdivision Howell-Not In List

MLS Listing ID SOM60288890

Full Baths 9

Year Built 1972

Tax Year 2022

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Commercial Sale

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 DeckFive (5) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckOne (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckSpacious parking lot and outdoor green spaceSituated on a .48-acre lot in a quiet neighborhoodPrime Location - High Rental Demand!Property Highlights:Fully remodeled 7-unit apartment complex - turnkey and like newStrong income producer with an estimated 9.5% cap rateUnits 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/nightGross annual rental income: approximately $95,800Net Operating Income (NOI): approximately $76,000All units include appliancesOwner pays utilities and property taxesIncludes Airbnb management potential or option to convert to long-term rentalExcellent investment opportunity with low maintenance and high-demand rental unitsPriced 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

Location

State MO

County Howell

Zoning Multi-family

Interior

Heating Electric

Cooling Electric, Central Air

Fireplace N

Exterior

Parking Features Paved, 20+ Spaces

Utilities Available Sewer Available, High Speed Internet, Electricity Available, Water Available

Waterfront Description None

View City

Roof Type Composition

Garage No

Others

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Corina Staton

Broker/Salesperson, Team Leader - Staton Home Group, Areal Leader at Epique Realty License ID: 2020031035

+1(417) 208-6335