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202 W Meadow ST Smithville, MO 64089
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Key Details
Sold Price $565,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Brasfield Addition
MLS Listing ID 2494502
Sold Date 08/12/24
Year Built 1975
Annual Tax Amount $3,350
Lot Size 7,405 Sqft
Acres 0.16999541
Property Sub-Type Quadruplex
Source hmls
Property 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!
Location
State MO
County Clay
Interior
Interior Features All Window Cover, Apply To All Units, Private Entry
Heating Electric, Forced Air, Hot Water
Cooling Electric
Fireplace N
Appliance Dishwasher, Disposal, Dryer, Refrigerator, Built-In Electric Oven, Washer
Laundry Inside, Utility Room
Exterior
Exterior Feature Barbecue
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public
Structure Type Frame,Stone Trim,Vinyl Siding
Schools
Elementary Schools Maple
Middle Schools Smithville
High Schools Smithville
School District Smithville
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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