Prime Investment Opportunity – Multi Family Investment

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 / 2 Bath | Open concept,
Luxury Vinyl Flooring, Quartz Countertops, Private Deck

Four (4) units – 600 sq. ft. | 1 Bed / 1 Bath | Open
concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck

Two (2) units – 550 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
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 ($959/month)·
Seventh unit is an active Airbnb generating
approximately $21,900/year at $80-$125/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 Opportunity

Annual Property Tax: $2,000

Annual Insurance: $2,000

Each unit has separate electric, water, and internet
connections

This 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!

Call today to schedule a showing or for
more details!