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301 Mount Vernon Blvd 9 Unit Apartment Building $900,000 ($100,000/Unit) Mount Vernon, MO 65712
Executive Summary
Located at 301 Mount Vernon, this fully renovated multi-family investment opportunity offers immediate income with excellent long-term upside. The property consists of 9 apartment units, including eight 1-bedroom units and one 2-bedroom unit, with 8 of the 9 units currently leased, generating $6,850 in monthly rental income. Every unit has been extensively updated with new flooring, fresh paint, and updated appliances, providing a turnkey asset with reduced maintenance and strong tenant appeal. Situated on 2.91 acres, the property offers additional land for potential future expansion, creating an opportunity for increased income potential. Buyers should note that the front portion of the property lies within a floodplain, and any future development plans should be verified through the purchaser's own due diligence. Additional amenities include a central coin-operated laundry facility, paved parking, and a convenient location with easy access to local employers, schools, and amenities. Whether you're looking to add a stabilized asset to your portfolio or capitalize on future expansion opportunities, this well-maintained apartment complex presents a compelling investment with immediate cash flow and value-add potential.
Property Facts
| Price | $900,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 2.91 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | ||
| Zoning | R-3 | ||
| Price | $900,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.91 AC |
| Building Size | 12,000 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Balcony
- Kitchen
Site Amenities
- Courtyard
- Property Manager on Site
- Storage Space
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 09-9.0-31-002-039-006.000 | Improvements Assessment | $40,800 |
| Land Assessment | $12,990 | Total Assessment | $53,790 |
Property Taxes
Parcel Number
09-9.0-31-002-039-006.000
Land Assessment
$12,990
Improvements Assessment
$40,800
Total Assessment
$53,790
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301 Mount Vernon Blvd
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