606 C & 608 St & 301a &301b Hersch Street,Belton, MO 64012
Belton, MO 64012
Description
Opportunity to acquire a fully leased four-unit residential investment property consisting of 601 A & B Herschel Street and 606 & 608 C Street in Belton, Missouri. Originally constructed as a single-family residence and subsequently converted into four rental units, the property generates $44,880 in annual gross rental income and is being offered at an approximately 11.5% capitalization rate based on seller-provided financial information. All four units are occupied under one-year leases by established, long-term tenants, providing immediate income from the date of acquisition. Three tenants currently receive rental assistance, adding an additional level of payment stability. The owner presently pays all utilities. Three of the four units have been renovated within the past two years. Updated interiors feature contemporary flooring, neutral finishes, refreshed kitchens and bathrooms, and stainless-steel appliances in select units. The improvements provide a strong interior foundation for continued operation while limiting near-term unit renovation requirements. The exterior and portions of the common property require additional repair and improvement. The property has been priced accordingly, creating an opportunity for an investor to enhance curb appeal, address deferred exterior maintenance and potentially increase long-term value while preserving the existing income stream. Situated in an established residential area of Belton, the property provides convenient access to the city’s downtown area, neighborhood services and the surrounding transportation network. Downtown Belton includes a mix of restaurants, shopping, services and civic destinations. This offering may be well suited for an investor seeking a high-yielding, occupied multifamily asset with recently renovated interiors, long-term tenancy and a defined value-add component.
Details
| MLS # | 2633056 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1930 |
| Days On Site | 30 |
| Listing Provided By | Platinum Realty LLC | Justin Beebe |
Features
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Zoning | Res |
| Acreage | 0.12 |
Taxes
| Property | 3743 |
|---|
Area Information
| State | MO |
|---|---|
| County | Cass |
| City | Belton |
| Zip Code | 64012 |
| Area | 208 Cass County | Mo |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $209,000 low | high Med: $272,350 On site: 30 low | high Med: 24.5 | |
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Learn More About This Property
| State | MO |
|---|---|
| County | Cass |
| City | Belton |
| Zip Code | 64012 |
| Area | 208 Cass County | Mo |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $209,000 low | high Med: $272,350 On site: 30 low | high Med: 24.5 | |
