Map
Listed price in listed location currency (USD).
$209,000

004

MLS® 2633056

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes $3,743
Days Active 0
Lot Size 5358 SF
Approx. Age 1930
MLS® Number 2633056

Property Address: 606 C & 608 St & 301a &301b Hersch Street, Belton, MO, 64012

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity to acquire a fully leased four-unit residential investment property consisting of 601 A & B Herschel Street and 606 & 608 C Street in Belton, Missouri. Originally constructed as a single-family residence and subsequently converted into four rental units, the property generates $44, 880 in annual gross rental income and is being offered at an approximately 11.5% capitalization rate based on seller-provided financial information. All four units are occupied under one-year leases by established, long-term tenants, providing immediate income from the date of acquisition. Three tenants currently receive rental assistance, adding an additional level of payment stability. The owner presently pays all utilities. Three of the four units have been renovated within the past two years. Updated interiors feature contemporary flooring, neutral finishes, refreshed kitchens and bathrooms, and stainless-steel appliances in select units. The improvements provide a strong interior foundation for continued operation while limiting near-term unit renovation requirements. The exterior and portions of the common property require additional repair and improvement. The property has been priced accordingly, creating an opportunity for an investor to enhance curb appeal, address deferred exterior maintenance and potentially increase long-term value while preserving the existing income stream. Situated in an established residential area of Belton, the property provides convenient access to the city’s downtown area, neighborhood services and the surrounding transportation network. Downtown Belton includes a mix of restaurants, shopping, services and civic destinations. This offering may be well suited for an investor seeking a high-yielding, occupied multifamily asset with recently renovated interiors, long-term tenancy and a defined value-add component.
MLS® Number2633056
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
Basement
DrivewayOff Street, On Street, Other
Garage Spaces
HeatOther
A/COther

Extras

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