274-310 W Streamside Court, Nixa, MO 65714

LOCATION LOCATION LOCATION! Great Investment Opportunity in this 10 unit, 4 buildings (3 duplexes & 1 four-plex) investment on 2 lots that make up an acre of ground in desirable area between Nixa & Springfield just off CC and 160. Each of the 10 units is 2 bed, 2 baths (3 are 1.5 bath) with garages (4 units have 2 car and 6 units have 1 car garage). Long term tenants that have fulfilled their leases and are currently month to month, so the new landlord can adjust rents to market value. Similar neighboring properties are renting for $1,100-1,300 per month which would put a conservative estimate at $11k/month or $132k/year. Some tenants have lived there over 10 years with no increase, rents were intentionally kept low to ensure occupancy. Units were updated over the years as tenants moved out, so some are more updated than others. Some roofs are new and some are older. Owner is not aware of any outstanding issues with the properties, just general maintenance and intends to sell the … read more …