$345,000
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.
221 Main Street, Garden City
Listing courtesy of Nick Benge of Midwest Land Group.