MO > West Plains > Howell-Not In List
West Plains, MO 65775,515 Nebraska AVE
West Plains, MO 65775,515 Nebraska AVE
West Plains, MO 65775,515 Nebraska AVE
West Plains, MO 65775,515 Nebraska AVE
West Plains, MO 65775,515 Nebraska AVE
West Plains, MO 65775,515 Nebraska AVE
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Westgate Realty

Westgate Realty

+1(417) 257-2733
$ 799,900
Est. payment | /mo

9 Baths

0.5 Acres Lot

Save Virtual Tour
$ 799,900
Est. payment | /mo
Save Virtual Tour

9 Baths

0.5 Acres Lot

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

Acres 0.5

Property Sub-Type Other

Source somo

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

Direction South on Business 63 - Left on 2nd to Corner of 2nd and Nebraska

Interior

Heating Electric

Cooling Electric, Central Air

Fireplace No

Heat Source Electric

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

Miscellaneous Handicap Accessible,Water Heater-Electric,Smoke Detectors,Basement

Virtual Tour https://app.videofizz.com/vid/p7HwmkrtsZ/embed?type=unbrand

Listed by Kimberly Grennan United Country Missouri Ozarks Realty Inc.

GET MORE INFORMATION

agent
Westgate Realty

Broker | License ID: 2019046646

+1(417) 257-2733

740 N Kentucky Ave, West Plains, MO, 65775, USA

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515 Nebraska AVE

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