408 S Mulberry St - Apartments FOR SALE


Warrensburg, MO 64093
$799,000 USD
660-422-1819
408 S Mulberry St, Warrensburg, MO for Sale
$799,000 USD
Apartments - FOR SALE
1/30
null | 7.14% Cap Rate

408 S Mulberry St
Warrensburg, MO 64093


HIGHLIGHTS

  • Walking distance to the University and Downtown
  • 7 units fully remodeled
  • 100% Rented

OVERVIEW

This fully renovated, turnkey 8-plex at 408 S. Mulberry Drive presents a premier investment opportunity in Warrensburg, Missouri. Ideally situated near the University of Central Missouri and Whiteman Air Force Base, the property comprises four two-bedroom units and four one-bedroom units. Recent improvements include fresh exterior paint, enhanced landscaping, and partial interior remodels, with only one unit remaining for a final refresh. Located within walking distance of the university, this complex holds strong appeal for student renters. Tenants are responsible for all utilities except trash and lawn maintenance, keeping operating costs low for investors. A generous parking lot further enhances tenant convenience. With the potential to boost rental income by adding washer and dryer hookups to the two-bedroom units, this 8-plex offers both immediate returns and room for growth. Property management is already in place, ensuring a smooth transition for new ownership. Don’t miss out on this chance to invest in a high-demand location with consistent occupancy potential.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,875

CAP RATE

7.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated 8-Plex - University Demand

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,606 SF

ZONING

-

APN/PARCEL ID

12702601002001500

ASK ABOUT THIS PROPERTY

Eva NortonReal Broker LlcMore Info
660-422-1819

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Eva NortonReal Broker LlcMore Info
660-422-1819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.