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 $992, and the property has been professionally managed, making for a smooth transition for a new owner.
With strong occupancy, recent renovations, and reliable tenants already in place, this property presents a true turnkey opportunity for investors seeking consistent income in a growing rental market.
89 days
|
129
|
7
|
Zillow last checked:
Listing updated:
Listed by:
Nick Benge913-424-2604,
Midwest Land Group
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2618105
Source: Heartland MLS as distributed by MLS GRID #2618105Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.