8-unit rental property in Rockaway Beach, Missouri. The property includes one 3-bedroom/2-bath house, one 3-bedroom/1-bath unit, four 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. All units are currently rented with long-term leases in place, bringing in a total of $7,485 per month. Tons of updates/remodels have been made in recent years, and there is room for more improvements that could increase rental income and value. With a solid cap rate based on current income, the property also has potential for higher returns if converted to short-term rentals. Located near Lake Taneycomo, this is a strong investment opportunity with steady cash flow!
Hoa: No
Roofing Material: Composition, Asphalt
Year Built: 1,940
Construction: Vinyl Siding, Wood Frame
Transaction Type: Sale
Type of Tenancy: Lease
Flood Insurance: Not Required
Parking: One Per Unit
Appliances: Oven/Range, Refrigerator, Microwave
Acres: 0.46
Lot Dimensions: 200X100
Inside City Limits: Yes
Foreclosure: No
View: No
Buildings: Four or More Buildings
Streets: Asphalt
Zoning: Motel/ Multi-fa
County: Taney
Property Type: B
Will Sell: Cash,1031 Exchange
Possession: At Closing
Sqft Finshd Unfnshd: 4400 - 4599
Tax Year: 2,024
Num Three Bedroom Units: 1.00
Num One Bedroom Units: 2.00
Num Units: 8
Unit Features: Carpet, Living Room - Formal, Fenced Area
Num Two Bedroom Units: 5.00
Water: City Water
Heating: Base Board, Space Heater
Cooling: Window Unit(s)
Sewer: City Sewer
Utilities: City, Tenant Pays, Sewer, Electricity
Lake River: Lake Taneycomo
Waterfront View: View
Courtesy of listing office Keller Williams
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