Introducing an incredible investment opportunity in the heart of Bolivar, MO! This 13 unit apartment complex is conveniently located just off the square, at the corner of Chestnut Street and Missouri Avenue. Boasting a mix of 4 spacious 2-bedroom units and 9 comfortable 1-bedroom units, this property is perfect for tenants looking for a cozy and convenient place to call home.
This property is already generating income with half of the units currently occupied, including some stellar long-term tenants. If you're interested in retaining the current leases, this is a fantastic opportunity to step right into a profitable investment. Current rents range from $400-$550, providing a stable cash flow that you can count on.
For those units that are currently vacant, the property has already received some fresh paint and new flooring. With a bit of additional updating and improvements, there is a lot of potential to increase rental rates and maximize your return on investment.
Whether you're an experienced investor or just starting out, this property is an excellent opportunity to expand your portfolio and generate steady income for years to come. Don't wait - schedule a showing today and see for yourself why this apartment complex is an investment you won't want to miss!Show all description
- Number Of Units Total: 13
- Sewer: City Sewer
- Heating: Base Board
- Levels: Two Stories, One Story
- Carport Spaces: 1
Amenities & Features
- WaterSource: City Water
- Elementary School: Bolivar
- HighSchool: Bolivar
- Middle Or Junior School: Bolivar
- CrossStreet: Chestnut & Missouri
- List Office Name: Billy Bruce Realty
- Compensation Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.