818 Wix Ln, Butler, MO

Name: 818 Wix Ln, For Sale in Butler - Zoocasa
Brand: Platinum Realty LLC
SKU: 2639326
Price: 2650000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,650,000

0048

MLS® 2639326

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage

Taxes $9,750

Days Active 3

Lot Size 15000 SF

Approx. Age 1973

MLS® Number 2639326

Property Address: 818 Wix Ln, Butler, MO, 64730-1846

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

Description

Excellent opportunity to acquire a stabilized 24-unit multifamily portfolio in Butler, Missouri, consisting of 10 duplex buildings, one triplex and one single-family residence. Twenty of the units are located together on Wix Lane, with the remaining four units located just one street over on High Street, creating a highly concentrated portfolio that is convenient to operate and manage. Offered at $2.65 million, the portfolio generated approximately $211, 577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260, 220 annually and have already increased materially since the 2025 appraisal which came in at $2, 736, 000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over. The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential. The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services. Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026.

MLS® Number2639326

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1973

Basement

DrivewayOff Street

Garage Spaces

HeatNatural Gas

A/CElectric

Extras

Map

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