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Listed by Michelle Lutz • Lutz Sales + Investments
$ 579,000
Est. payment /mo
New
115 W Orchard ST Odessa, MO 64076
0.3 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Patterson & Smith
MLS Listing ID 2638130
Year Built 1970
Annual Tax Amount $2,268
Lot Size 0.304 Acres
Acres 0.30399448
Property Sub-Type Apartment
Source hmls
Property Description
Welcome to Orchard Apartments, a charming seven-unit property that offers a great mix of comfortable living options and a great investment! The property includes six spacious 2-bedroom/1-bath units and one cozy 1-bedroom, 1-bath unit.
Each unit offers off-street parking, along with convenient access to common laundry facilities. All seven units have been updated, helping keep future capital expenditures low for years to come. Two units also feature private attached garages, adding an extra layer of convenience and appeal for tenants.
The building has durable vinyl siding and a roof with approximately 20 years of remaining life. Water is separately metered, making utility management simple and efficient.
The units have also been successfully operated as short-term furnished rentals in the past, offering additional income potential and flexibility. With easy access to I-70, strong renter demand, and a history of long-term tenancy, Orchard Apartments is well positioned for continued performance.
Add in the small-town feel and great schools, and this property offers an attractive combination of convenience, stability, and long-term investment potential.
Each unit offers off-street parking, along with convenient access to common laundry facilities. All seven units have been updated, helping keep future capital expenditures low for years to come. Two units also feature private attached garages, adding an extra layer of convenience and appeal for tenants.
The building has durable vinyl siding and a roof with approximately 20 years of remaining life. Water is separately metered, making utility management simple and efficient.
The units have also been successfully operated as short-term furnished rentals in the past, offering additional income potential and flexibility. With easy access to I-70, strong renter demand, and a history of long-term tenancy, Orchard Apartments is well positioned for continued performance.
Add in the small-town feel and great schools, and this property offers an attractive combination of convenience, stability, and long-term investment potential.
Location
State MO
County Lafayette
Zoning C-1
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features true
Utilities Available Separate Meters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water City/Public - Verify
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Mcquerry
Middle Schools Odessa
High Schools Odessa
School District Odessa
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
