Address Withheld By Seller, Mount Vernon, MO 65712
Local realty services provided by:Better Homes and Gardens Real Estate Southwest Group
Listed by: adam graddy
Office: keller williams
MLS#:60327968
Source:MO_GSBOR
Address Withheld By Seller,Mt Vernon, MO 65712
$900,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
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Price summary
- Price:$900,000
About this home
Located at 301 Mount Vernon, this fully renovated multi-family investment opportunity offers immediate income with excellent long-term upside. The property consists of 9 apartment units, including eight 1-bedroom units and one 2-bedroom unit, with 8 of the 9 units currently leased, generating $6,850 in monthly rental income. Every unit has been extensively updated with new flooring, fresh paint, and updated appliances, providing a turnkey asset with reduced maintenance and strong tenant appeal. Situated on 2.91 acres, the property offers additional land for potential future expansion, creating an opportunity for increased income potential. Buyers should note that the front portion of the property lies within a floodplain, and any future development plans should be verified through the purchaser's own due diligence. Additional amenities include a central coin-operated laundry facility, paved parking, and a convenient location with easy access to local employers, schools, and amenities. Whether you're looking to add a stabilized asset to your portfolio or capitalize on future expansion opportunities, this well-maintained apartment complex presents a compelling investment with immediate cash flow and value-add potential....
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Home facts
- Year built:1945
- Listing ID #:60327968
- Added:5 day(s) ago
- Updated:July 08, 2026 at 03:47 PM
Rooms and interior
- Kitchen Description:Microwave, Refrigerator
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Base Board
Structure and exterior
- Year built:1945
- Lot area:2.91 Acres
- Construction Materials:Brick
Schools
- High school:Mt Vernon
- Middle school:Mt Vernon
- Elementary school:Mt Vernon
Utilities
- Water:Water Available
- Sewer:Sanitary Sewer
Finances and disclosures
- Price:$900,000
- Tax amount:$2,912 (2024)
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