Homes for sale - 000 Tanglewood Place, West Plains, MO 65775

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Listed by Calvin Chambers Southern Missouri Homes and Farms LLC

$1,700,000

Est. payment - /mo

12,500 SqFt

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Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 12,500 sqft

Price per Sqft $136

MLS Listing ID SOM60306152

Year Built 1995

Annual Tax Amount $5,866

Tax Year 2024

Lot Size 2.500 Acres

Acres 2.5

Property Sub-Type Residential Income

Property Description

Unique investment opportunity! This well-maintained property on Tanglewood place offers a total of 13 rental units--including six duplexes (12 units), each approx. 950 sq. ft. with 2 bedrooms, 1.5 baths, laundry room, and attached 1-car garage, plus a charming 2-bedroom, 1.5-bath home (approx. 1,100 sq. ft.) with an attached carport and a large detached garage/storage building. All appliances convey--including refrigerators, electric stoves, built-in microwaves, washers, dryers, and kitchen garbage disposals--making these units truly turn-key. Every garage also has a remote opener for tenant convenience.Inside, the bedrooms feature cozy carpeting, while laundry, baths, and kitchens are finished with durable vinyl flooring, and living rooms have attractive wood laminate floors. Each unit also includes ceiling fans in the largest bedroom and the living room. All units are connected to city water and sewer.A special feature is the full basement beneath one duplex, used by tenants for storage and as a safe place during severe weather. This small, private community is tucked away on its own cul-de-sac, with a private street. Each unit is separately metered with tenants paying their own electric and propane (propane for heating only).Lovingly built and cared for by the same owner for 30 years, the property shows pride of ownership throughout. Current rents are $650/month for the duplexes and $850/month for the home. Several tenants have been in place for over 10 years, and while rents are below market, there is excellent potential for increased cash flow under new ownership. The seller also maintains excellent records, available for serious buyers to review.This is a rare chance to acquire a stable, long-term investment with upside potential in a well-kept, owner-built community.Includes the Home on 707 East Maple and The Duplexes at 501-508, 510, 512, 514, and 516 Tanglewood Place

Location

State MO

County Howell

Zoning Muti family R-2

Interior

Heating Heat Pump, Central

Cooling Central Air, Ceiling Fan(s), Heat Pump

Fireplace N

Appliance Range, Disposal, Dishwasher, Dryer, Washer, Refrigerator, Microwave

Exterior

Parking Features 1 per Unit

Garage Spaces 13.0

Utilities Available Community, Separate Meters, High Speed Internet, Natural Gas Available, Electricity Available

Waterfront Description None

Roof Type Shingle

Garage No

Building

Sewer Public Sewer

Water City

Structure Type Vinyl Siding,Frame

Schools

Elementary Schools West Plains

Middle Schools West Plains

High Schools West Plains

Others

Acceptable Financing Cash, 1031 Exchange, Conventional

Listing Terms Cash, 1031 Exchange, Conventional

Virtual Tour https://www.youtube.com/watch?v=zn5q0rWvAUM

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Shaun Duggins Group

+1(417) 501-4413

Broker | License ID: 2011009222

Broker License ID: 2011009222

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