515 Nebraska Avenue Active Save Request In-Person Tour Request Virtual Tour
West Plains,MO 65775
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
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 / 2 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckFour (4) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckTwo (2) units - 550 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 estimated 9.5%cap rateUnits 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/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,
Location
State MO
County Howell
Zoning Multi-family
Interior
Heating Electric
Cooling Electric,Central Air
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
Others
Virtual Tour https://app.videofizz.com/vid/p7HwmkrtsZ/embed?type=unbrand