515 Nebraska AVE Active Save Request In-Person Tour Request Virtual Tour
West Plains,MO 65775
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Howell-Not In List
MLS Listing ID SOM60288890
Full Baths 9
Year Built 1972
Tax Year 2022
Lot Size 0.500 Acres
Property Sub-Type Other
Property Description
For Sale - Income-Producing Multi-Unit Property in West Plains, MO!Prime Investment Opportunity in Howell CountyDiscover a brand-new multi-family investment property at 515 Nebraska Street, West Plains, MO! This former church has been fully converted into eight modern apartments, offering high-quality finishes, excellent location, and strong income potential.Property Features (Largest to Smallest Units):One (1) unit - 850 sq. ft. | 2 Bed / 2 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckFour (4) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckTwo (2) units - 550 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckOne (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private DeckSpacious parking lot and outdoor green spaceSituated on a .48-acre lot in a quiet neighborhoodPrime Location - High Rental Demand!Property Highlights:Fully remodeled 7-unit apartment complex - turnkey and like newStrong income producer with estimated 9.5%cap rateUnits include one 2-bed unit ($1,200/month), four 1-bed units ($1,000/month), and one small unit ($959/month)Seventh unit is an active Airbnb generating approximately $21,900/year at $80-$125/nightGross annual rental income: approximately $95,800Net Operating Income (NOI): approximately $76,000All units include appliancesOwner pays utilities and property taxesIncludes Airbnb management potential or option to convert to long-term rentalExcellent investment opportunity with low maintenance and high demand rental unitsPriced at $799,900 - potential for upside depending on rental mixLocated in West Plains, Missouri, this property is just minutes from:Missouri State University - West PlainsDowntown West PlainsOzarks HealthcareRestaurants, shopping,
Location
State MO
County Howell
Area 4800
Zoning Multi-family
Interior
Heating Electric
Cooling Electric,Central Air
Exterior
Parking Features Paved,20+ Spaces
Utilities Available Sewer Available,High Speed Internet,Electricity Available,Water Available
Waterfront Description None
View City
Roof Type Composition
Building
Lot Description Level
Others
Virtual Tour https://app.videofizz.com/vid/p7HwmkrtsZ/embed?type=unbrand