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.
| MLS # | 2618105 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 177 |
| Listing Provided By | Midwest Land Group | Nick Benge |
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Zoning | Comm |
| Acreage | 0.08 |
| Property | 992 |
|---|
| State | MO |
|---|---|
| County | Cass |
| City | Garden City |
| Zip Code | 64747 |
| Area | 208 Cass County | Mo |
| Community Name | Garden City |
| Listing VS Median (in Garden City) | |
Price: $345,000 low | high Med: $199,900 On site: 177 low | high Med: 6 | |
| State | MO |
|---|---|
| County | Cass |
| City | Garden City |
| Zip Code | 64747 |
| Area | 208 Cass County | Mo |
| Community Name | Garden City |
| Listing VS Median (in Garden City) | |
Price: $345,000 low | high Med: $199,900 On site: 177 low | high Med: 6 | |