322 West Madison Street,Bolivar, MO 65613
Bolivar, MO 65613
Description
This versatile investment property offers immediate income and long-term upside, all tucked into a quiet residential setting near Cribbs Park and local school. The property features a mixed-use complex that includes a duplex, a commercial warehouse, and 24 storage units, generating multiple revenue streams from day one. Currently, the duplex, warehouse, and storage units are all leased, with storage running at approximately 90% occupancy. This strong in-place income allows the property to cash flow immediately upon purchase, making it an attractive option for both seasoned investors and those looking to step into a stabilized asset. Beyond the existing performance, there is clear value-add potential. Increase rents to market rates, expand the storage footprint with additional units, or reposition the property entirely to fit a new business model. The flexible layout and location within a growing residential area provide multiple paths to maximize returns. storage unit sizes #1 Bldg 6-10x28 6- 8x10 #2 Bldg 7- 8x10 1- 8x8 4- 10x10 If you're looking for a property that combines stability, cash flow, and upside, this one checks all the boxes.
Details
| MLS # | 60322844 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1991 |
| Days On Site | 109 |
| Listing Provided By | Partin Roweton, LLC | Robert M Partin |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 1,600 |
| Acreage | 0.82 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Window Units |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | 1-5 Spaces, Gravel, Parking Area, Private Drive, Shared Drive |
Taxes
| Property | 1384 |
|---|
Area Information
| State | MO |
|---|---|
| County | Polk |
| City | Bolivar |
| Zip Code | 65613 |
| Listing VS Median (in 65613) | |
Price: $289,900 low | high Med: $279,900 sqft: 1,600 low | high Med: 1,816 $ / sqft: $181 low | high Med: $154 On site: 109 low | high Med: 185 | |
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Learn More About This Property
| State | MO |
|---|---|
| County | Polk |
| City | Bolivar |
| Zip Code | 65613 |
| Listing VS Median (in 65613) | |
Price: $289,900 low | high Med: $279,900 sqft: 1,600 low | high Med: 1,816 $ / sqft: $181 low | high Med: $154 On site: 109 low | high Med: 185 | |
