515 Nebraska Avenue,West Plains, MO 65775
West Plains, MO 65775
Description
For Sale - Income-Producing Multi-Unit Property in West Plains, MO! Prime Investment Opportunity in Howell County Discover 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 mix Located in West Plains, Missouri, this property is just minutes from: Missouri State University - West Plains Downtown West Plains Ozarks Healthcare Restaurants, shopping, and essential amenities Turnkey Investment - Strong ROI Potential New 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!
Details
| MLS # | 60288890 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 532 |
| Listing Provided By | United Country Missouri Ozarks Realty Inc. | Kimberly Grennan |
Features
| Bath(s) | 9 |
|---|---|
| SQ Feet | 4,800 |
| Units | 8 |
| Zoning | Multi-family |
| Acreage | 0.50 |
| Property View | City |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Central, Electric |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | 20+ Spaces, Paved |
Area Information
| State | MO |
|---|---|
| County | Howell |
| City | West Plains |
| Zip Code | 65775 |
| Community Name | Howell Not in List |
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Learn More About This Property
| State | MO |
|---|---|
| County | Howell |
| City | West Plains |
| Zip Code | 65775 |
| Community Name | Howell Not in List |