Turnkey Multi-Family Income
For Sale
Contact for pricing
301 West Mount Vernon Boulevard, Mount Vernon, MO 65712
Fully renovated 9-unit complex with paved parking and on-site coin laundry, offering 8 currently leased apartments.
Property Size5,000 SF
Lot Size2.91 Acres
Price / SF$180
Days on Market66
Property Features for 301 West Mount Vernon Boulevard
General Information
Standard status
Active
Size
5,000 SF
Class
B
Lot size
2.91 Acres
Property subtype
Multifamily
Zoning
B-3
Occupancy
88%
Investment Type
Stabilized
Additional Details
Business Included
Yes
Multifamily Units
9
Building Details
Year Built
1945
Buildings
1
Units
9
Tenancy
Multi
Listing Agency:
Graddy Real Estate
Listed By:
Adam Graddy · License #MO 2004014961
(417) 883-4900
Source:
Crexi
Added: Jul 2
Changed: Sep 3
Last Checked: Sep 4 at 7:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graddy Real Estate
Investment Insights
Based on property information with market context.
This fully renovated multi-family property includes 9 apartment units: eight 1-bedroom units and one 2-bedroom unit. Eight of the nine units are currently leased, providing immediate rental income. Updates across the units include new flooring, fresh paint, and updated appliances, supporting a turnkey setup with reduced day-to-day maintenance.
Additional amenities include a central coin-operated laundry facility and paved parking. The property sits on 2.91 acres, offering additional land for potential future expansion. Buyers should note the front portion of the property is located within a floodplain, and any future development plans should be verified through the purchaser’s own due diligence.
The complex is positioned for convenient access to local employers, schools, and amenities.
Additional amenities include a central coin-operated laundry facility and paved parking. The property sits on 2.91 acres, offering additional land for potential future expansion. Buyers should note the front portion of the property is located within a floodplain, and any future development plans should be verified through the purchaser’s own due diligence.
The complex is positioned for convenient access to local employers, schools, and amenities.
Key Highlights
- Fully renovated 9‑unit multi‑family built in 1945 with 8 of 9 units currently leased
- Unit mix: eight 1‑bedroom units and one 2‑bedroom unit
- Current rents generate $6,850/month with updated flooring, fresh paint, and updated appliances in every unit
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 65712, MO
8,464
Population
3,555
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
120.4 sq mi
ZIP Area
70
Density / Sq Mi
$61,832
Median Household Income
$39,066
Median Earnings
$687
Median Rent
$208,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 9-unit complex with paved parking and on-site coin laundry, offering 8 currently leased apartments.
Where is this apartment building located?
The property is located at 301 West Mount Vernon Boulevard Mount Vernon, MO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Fully renovated 9‑unit multi‑family built in 1945 with 8 of 9 units currently leased; Unit mix: eight 1‑bedroom units and one 2‑bedroom unit; Current rents generate $6,850/month with updated flooring, fresh paint, and updated appliances in every unit
