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$ 749,000
Est. payment | /mo
4 Baths
1 Acres Lot
$ 749,000
Est. payment | /mo
4 Baths
1 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60306482
Full Baths 4
Year Built 1999
Annual Tax Amount $2,999
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Retail
Source somo
Property Description
Turnkey Income Property with Strong Returns204 E 5th Street presents a fully leased commercial investment offering over 6,000 square feet of retail space divided into five separate units. The property is 100% occupied, generating $6,200 in monthly gross rents against average landlord expenses of $935 per month, resulting in stable net income and dependable cash flow.Significant 2024 capital improvements reduce future maintenance costs and enhance long-term value, including four new HVAC units, complete bathroom remodels, and building reconfiguration to optimize leasable space and rental performance.With updated systems, solid tenants, and a proven income stream already in place, this property is an ideal option for investors seeking a low-maintenance, income-producing asset with immediate returns and future growth potential.
Location
State MO
County Barry
Area 6000
Direction Property is located on E 5th st just off of Sale Barn Road
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Heat Source Natural Gas
Exterior
Parking Features 20+ Spaces, Hard Surface
Utilities Available Water Available, High Speed Internet, Natural Gas Available, Electricity Available, Master Metered, Separate Meters
Waterfront Description None
Roof Type Metal
Others
Miscellaneous Fire Alarm,Smoke Detectors,220 Power
Listed by The Kody Sold My Home Team ReeceNichols - Springfield
