608 N Central Avenue, Monett, MO 65708

Monett
Local realty services provided by:Better Homes and Gardens Real Estate Southwest Group
Listed by: rebekah k. jones
Office: epique realty
MLS#:60327703
Source:MO_GSBOR
608 N Central Avenue,Monett, MO 65708
$265,000
  • - Beds
  • - Baths
  • 2,001 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$265,000
  • Price per sq. ft.:$132.43

About this home

Cash-flowing investment opportunity with immediate income and value-add potential! This multi-unit property offers investors the opportunity to acquire an asset with existing rental income and significant upside through the renovation of a third unit.The property consists of three separate residential units: Unit 1: A detached 580 sq. ft. one-bedroom, one-bath cottage with a screened porch, currently leased at $725/month. Unit 2: A 450 sq. ft. studio apartment, currently leased at $725/month. Unit 3: A 971 sq. ft. two-bedroom apartment with central heat and air. The unit is currently vacant and requires a complete interior renovation but offers an estimated market rent of approximately $850/month once completed.Current gross rental income is $1,450/month, with a projected gross monthly income of approximately $2,300/month after renovation and lease-up of the third unit. Existing tenants have expressed a desire to remain, providing stable occupancy and immediate cash flow for the next...

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Home facts

  • Year built:1900
  • Subdivision & Development:Barry-Not in List
  • Listing ID #:60327703
  • Added:54 day(s) ago
  • Updated:August 23, 2026 at 02:52 PM

Rooms and interior

  • Living area:2,001 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:2,001 sq. ft.
  • Lot area:0.2 Acres

Schools

  • High school:Monett
  • Middle school:Monett
  • Elementary school:Monett

Finances and disclosures

  • Price:$265,000
  • Price per sq. ft.:$132.43
  • Tax amount:$443 (2024)
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