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Listed by Eva Norton • The Next Door Agents, LLC
$ 1,650,000
Est. payment | /mo
1 Acres Lot
$ 1,650,000
Est. payment | /mo
1 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2600847
Annual Tax Amount $11,327
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Package of Properties
Source hmls
Property Description
This offering consists of a turnkey portfolio of four brick quadplexes available as a single package for $1.65m. The portfolio produces a current Net Operating Income of approximately $123,000 annually, providing immediate cash flow with significant upside potential.
All 16 units are fully occupied with professional property management in place, making this a true hands-off investment opportunity from day one. The properties have been well stabilized and consistently leased, with tenants paying all utilities. The landlord is responsible only for mowing and trash, creating a simple and efficient operating model.
While the properties are performing well in their current condition, they present a clear value-add opportunity. Most units are in functional but dated condition, offering meaningful potential for rental increases through interior updates and targeted improvements. Current rents are below market for comparable renovated units in the area, allowing a new owner to increase returns over time through a strategic upgrade plan.
Three of the quadplexes are located along Broad Street, a high-visibility, high-traffic corridor, providing excellent long-term desirability and ease of leasing. The fourth quadplex, located at 702 Streck, is newer construction and considered the strongest asset in the portfolio, featuring all two-bedroom, two-bath units in superior condition.
Unit Mix:
702 Streck: Four 2-bedroom / 2-bath units (newer construction, best condition)
815 Broad: Four 2-bedroom / 1-bath units
817 Broad: Four 2-bedroom / 1-bath units
819–825 Broad: Four 3-bedroom / 1.5-bath units
All units include washer and dryer hookups (appliances not provided).
This portfolio is ideal for an investor seeking immediate cash flow with the ability to create additional value over time through renovations and rent growth. With solid occupancy, established management, and brick construction, this is a stable, income-producing asset with clear upside.
All 16 units are fully occupied with professional property management in place, making this a true hands-off investment opportunity from day one. The properties have been well stabilized and consistently leased, with tenants paying all utilities. The landlord is responsible only for mowing and trash, creating a simple and efficient operating model.
While the properties are performing well in their current condition, they present a clear value-add opportunity. Most units are in functional but dated condition, offering meaningful potential for rental increases through interior updates and targeted improvements. Current rents are below market for comparable renovated units in the area, allowing a new owner to increase returns over time through a strategic upgrade plan.
Three of the quadplexes are located along Broad Street, a high-visibility, high-traffic corridor, providing excellent long-term desirability and ease of leasing. The fourth quadplex, located at 702 Streck, is newer construction and considered the strongest asset in the portfolio, featuring all two-bedroom, two-bath units in superior condition.
Unit Mix:
702 Streck: Four 2-bedroom / 2-bath units (newer construction, best condition)
815 Broad: Four 2-bedroom / 1-bath units
817 Broad: Four 2-bedroom / 1-bath units
819–825 Broad: Four 3-bedroom / 1.5-bath units
All units include washer and dryer hookups (appliances not provided).
This portfolio is ideal for an investor seeking immediate cash flow with the ability to create additional value over time through renovations and rent growth. With solid occupancy, established management, and brick construction, this is a stable, income-producing asset with clear upside.
Location
State MO
County Johnson
Zoning R3
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
School District Warrensburg R-Vi
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS