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!
Sold
Price Unknown
202 W Meadow St, Smithville, MO 64089
--beds
1baths
--sqft
Quadruplex
Built in 1975
-- sqft lot
$592,000 Zestimate®
$--/sqft
$1,196 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 13, 2024 at 03:43pm
Listing Provided by:
Cindy Stockton 816-590-6688,
Turn Key Realty LLC,
Chelsie Dillon 816-863-8791,
Turn Key Realty LLC
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2494502

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Electric, Forced Air, Hot Water
Cooling
- Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Built-In Electric Oven, Washer, Ind Water Heaters
- Laundry: Inside, Utility Room
Features
- Apply To All Units, Private Entry
- Windows: All Window Cover
- Has basement: No
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Patio
- Exterior features: Barbecue
Lot
- Size: 7,405 sqft
Details
- Parcel number: 05617000518.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame, Stone Trim, Vinyl Siding
- Roof: Composition
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Ind Heat And Air
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Smithville
- Subdivision: Brasfield Addition
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Gravel
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$592,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$592,000