202 W Meadow Street, Smithville, MO 64089

  • $565,000
202 W Meadow Street, Smithville, MO 64089
Closed
202 W Meadow Street, Smithville, MO 64089
202 W Meadow Street, Smithville, MO 64089
  • $565,000

Overview

Property ID: 2494502
  • Quadruplex, Residential Income
  • Property Type
  • Cindy Stockton
  • Agent Name
  • Turn Key Realty LLC
  • Office Name

Description

Amazing Investor or Owner Occupant 4-Plex Opportunity with 3 FULLY FURNISHED units leased as mid-term rentals to traveling nurses and business professionals! Welcome to Smithville, MO. This meticulously updated and maintained 4-Plex is nestled within this burgeoning community located a few miles away from Smithville Lake and the new Meta data facility. Within walking distance of coffee, BBQ and downtown Smithville and a short drive to shopping, groceries and the highway.

This multifamily gem showcases four, 2-bedroom/1 bath units, 3 of which are beautifully furnished as mid-term rentals. Each of these units currently rent for $1,350/mo. The fourth unit has been leased at $850/mo to a long-term tenant since 2018 who has taken excellent care of the unit. The property also accommodates 8 parking spaces.

The current owner offers 30 to 90 day lease agreements and keeps the mid-term rentals fully booked. There is a mandatory cleaning at the end of each lease, regardless of renewal or new tenant move in. To view current mid-term listings and reviews, please visit www.FurnishedFinder.com. Enter property #673712 Elevated Lake Life Unit D, #481530 Meadow by the Lake II Unit C, or #441709 Meadow by the Lake Unit B. There is opportunity to raise rents in the future.

The photos say it all, but to see just how updated & professionally maintained this 4-plex is, request the List of Improvements & Financial Documentation which also details all appliances and mechanicals have been replaced w/in the last 1-7 years.

Hurry, as this one won’t last! The 4-plex is $141,250 per unit with OVER $58K IN ANNUAL RENTAL INCOME! Each unit is designed for low-maintenance living, allowing you to focus on growing your investment portfolio. Live in one unit and rent the others to offset your monthly mortgage payments and expenses. Please do not bother tenants on site if you drive by!

Seize the moment and make your mark with this unparalleled investment opportunity!

  • Address 202 W Meadow Street
  • City Smithville
  • State/county MO
  • Zip/Postal Code 64089

Details

Updated on August 13, 2024 at 10:43 pm
  • Property ID: 2494502
  • Price: $565,000
  • Garage Size: x x
  • Year Built: 1975
  • Property Type: Quadruplex, Residential Income
  • Property Status: Closed
  • Agent Name: Cindy Stockton
  • Office Name: Turn Key Realty LLC

Additional details

  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Roof: Composition
  • Utilities: Ind Heat And Air,Ind Water Heaters
  • Sewer: City/Public
  • Cooling: Electric
  • Heating: Electric,Forced Air,Hot Water
  • County: Clay
  • Property Type: Residential Income
  • Parking: Assigned,Off Street,On Street
  • Elementary School: Maple
  • Middle School: Smithville
  • High School: Smithville

Features

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