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Listed by Nick Benge • Midwest Land Group
$ 439,000
Est. payment /mo
Active
700 W 40 HWY Sweet Springs, MO 65351
2.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2618101
Year Built 1960
Annual Tax Amount $3,015
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Quadruplex
Source hmls
Property Description
Offering a strong investment opportunity in a high-visibility location just off I-70, this fully renovated multifamily property in Sweet Springs, Missouri delivers immediate cash flow with long-term upside. Situated on approximately 2.5 acres, the property includes a fourplex and a 40x70 warehouse, both fully occupied with a combined monthly income of approximately $5,390.
The fourplex consists of four 2-bedroom, 1-bath units that were completely renovated in 2022. Updates include new flooring, cabinetry, appliances, plumbing, electrical, and interior finishes, along with in-unit washer and dryer setups. Major mechanical components have also been addressed, including a newer roof, HVAC systems, and water heaters, all approximately 2 years old. A new septic system was installed in Fall 2024, providing added peace of mind for future ownership .
All units are currently occupied, with written leases in place and tenants paying consistently. Unit 4 is currently on a month-to-month lease, providing flexibility for a new owner if desired . Security deposits are held and will transfer at closing.
The warehouse adds additional income and versatility, featuring a full concrete floor, two overhead doors, dedicated parking, and separate utility service. The warehouse tenant pays electric, while the landlord covers utilities for the residential units . Additional income is generated through leased washer and dryer equipment.
Annual real estate taxes are approximately $2,290, and the property has been professionally managed, making for a smooth transition to new ownership.
The fourplex consists of four 2-bedroom, 1-bath units that were completely renovated in 2022. Updates include new flooring, cabinetry, appliances, plumbing, electrical, and interior finishes, along with in-unit washer and dryer setups. Major mechanical components have also been addressed, including a newer roof, HVAC systems, and water heaters, all approximately 2 years old. A new septic system was installed in Fall 2024, providing added peace of mind for future ownership .
All units are currently occupied, with written leases in place and tenants paying consistently. Unit 4 is currently on a month-to-month lease, providing flexibility for a new owner if desired . Security deposits are held and will transfer at closing.
The warehouse adds additional income and versatility, featuring a full concrete floor, two overhead doors, dedicated parking, and separate utility service. The warehouse tenant pays electric, while the landlord covers utilities for the residential units . Additional income is generated through leased washer and dryer equipment.
Annual real estate taxes are approximately $2,290, and the property has been professionally managed, making for a smooth transition to new ownership.
Location
State MO
County Saline
Zoning Res
Interior
Heating Electric
Cooling Electric
Fireplace N
Appliance Dryer, Refrigerator, Washer
Exterior
Parking Features false
Utilities Available Cent Water Heater
Roof Type Composition
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Frame,Metal Siding
Schools
School District Sweet Springs
Others
Acceptable Financing Cash, Conventional, FHA, FmHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, FmHA, USDA Loan, VA Loan
