206 N Grant Ave, Knob Noster, MO 65336

Investor Opportunity! Two fourplexs plus an acre of developable land in Knobnobster near Whiteman Airforce Base. In this listing are 206 & 208 Grant. Both units recently had new gutters, downspouts, soffits and fascia completed this month, a $12k investment. The complex, managed by local property management company, usually runs at 90% occupancy. It currently has 6 of 8 units occupied. Many of the tenants over the years have been airmen from the Whiteman Airforce Base. The acre of developable land is located in three lots surrounding the two fourplexes. The price of those lots with the 8 units are included in the list price of $589k. The lots can be purchased stand alone for $50k. The fourplexes can be purchased without the property for $550k. Buying them all together saves $11k! The land is perfectly situated for expansion and the acre of land could sufficiently hold another 3 fourplexes for a total of 20 units on the property. One half acre is located directly to the south of the four plexes on the same lot. The other half acre is located directly to the east of the property on the back side of the fourplexes. The east lot currently has an empty trailer on the lot that will most likely need to be removed prior to development. The two fourplexes today meets the 1% investor ROI rule without any additional expansion. Showings are by appointment only and must be scheduled 24 hours in advance with the property management company.