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Listed by Nick Benge • Midwest Land Group
$ 345,000
Est. payment /mo
New
221 Main ST Garden City, MO 64747
3,485 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Garden City
MLS Listing ID 2618105
Year Built 1920
Annual Tax Amount $992
Lot Size 3,485 Sqft
Acres 0.08000459
Property Sub-Type Apartment
Source hmls
Property Description
Located in the heart of Garden City, Missouri, this fully occupied fourplex offers a strong, stable investment opportunity with immediate cash flow and recent updates already completed. The property consists of four 2BR/1BA units, all currently leased with written agreements in place and tenants paying consistently.
Current monthly rents range from approximately $950 to $1,040 per unit, providing steady income with room for long-term growth.
The building was originally constructed in 1920 and underwent a full renovation in 2024, bringing the property up to modern standards while maintaining its solid structure . Major improvements include a newer roof, updated HVAC systems, and newer water heaters, all approximately 2 years old, significantly reducing near-term capital expense concerns .
Each unit is equipped with essential appliances, including stove, and refrigerator, providing added convenience for tenants as well as a laundry area for all tenants. Utilities are landlord-paid, with total average utility costs reported at approximately $7,454 annually, allowing for simplified management and consistent occupancy .
Annual real estate taxes are approximately $992, and the property has been professionally managed, making for a smooth transition for a new owner.
With strong occupancy, recent renovations, and reliable tenants already in place, this property presents a true turnkey opportunity for investors seeking consistent income in a growing rental market.
Current monthly rents range from approximately $950 to $1,040 per unit, providing steady income with room for long-term growth.
The building was originally constructed in 1920 and underwent a full renovation in 2024, bringing the property up to modern standards while maintaining its solid structure . Major improvements include a newer roof, updated HVAC systems, and newer water heaters, all approximately 2 years old, significantly reducing near-term capital expense concerns .
Each unit is equipped with essential appliances, including stove, and refrigerator, providing added convenience for tenants as well as a laundry area for all tenants. Utilities are landlord-paid, with total average utility costs reported at approximately $7,454 annually, allowing for simplified management and consistent occupancy .
Annual real estate taxes are approximately $992, and the property has been professionally managed, making for a smooth transition for a new owner.
With strong occupancy, recent renovations, and reliable tenants already in place, this property presents a true turnkey opportunity for investors seeking consistent income in a growing rental market.
Location
State MO
County Cass
Zoning Comm
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Water Heaters
Roof Type Synthetic
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
School District Sherwood
Others
Acceptable Financing Cash, Conventional, FHA, FmHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, FmHA, USDA Loan, VA Loan
