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    400 Walnut St La Monte, MO 65337

    For Sale
    $874,900

    17-Unit Apartment Complex, Missouri

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a stabilized, value-add multifamily property located at 400 S Walnut St, La Monte, MO 65337. The property consists of three, one-story buildings totaling 17 units: eight one-bedroom, eight two-bedroom, and one three-bedroom apartment. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $8,850 per month. Individual unit rents are $475 for one-bedroom, $575 for two-bedroom, and $650 for the three-bedroom apartment. The asking price is $874,900, representing a price per unit of $51,464.71. Significant improvements have been made in recent years, including complete roof replacements within the last two years and comprehensive HVAC system upgrades and repairs within the past year. Ongoing upgrades further enhance the property's value and potential. This Class C property, built in 1980 and renovated in 2022, offers a compelling 1.01% cap rate. The property's strong performance and recent renovations make it an attractive investment for those seeking a stable, high-occupancy multifamily asset with significant upside potential in Pettis County, Missouri. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

    Property Features for 400 Walnut St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Built/Renovated
    1980/2022
    Buildings
    3
    Stories
    1
    Units
    17

    HighLights

    • Three‑building multifamily portfolio comprising 17 units.
    • Unit mix: 8 one‑bedroom, 8 two‑bedroom, and 1 three‑bedroom apartments.
    • Monthly rents: $475 (one‑bedroom), $575 (two‑bedroom), $650 (three‑bedroom); $8,850 total monthly rent at 100% occupancy.
    • Recent capital improvements include roof replacements (within two years) and HVAC system upgrades/repairs (last year).
    • Significant ongoing property upgrades.
    • Excellent investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Food Market HVAC Service Grocery Store Garden Center Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Monte
    County
    Pettis
    State
    Missouri
    Longitude
    -93.425815681506
    Latitude
    38.771497674943

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - 17-Unit Apartment Complex, Missouri
    Where is this multifamily property located?
    The property is located at 400 Walnut St La Monte, MO.
    What is the asking price?
    The asking price for this property is $874,900.
    What are key features of this property?
    This property features: Three-building multifamily portfolio comprising 17 units.; Unit mix: 8 one-bedroom, 8 two-bedroom, and 1 three-bedroom apartments.; Monthly rents: $475 (one-bedroom), $575 (two-bedroom), $650 (three-bedroom); $8,850 total monthly rent at 100% occupancy.
    Request Owner's contact information
    400 Walnut St La Monte, MO 65337
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    La Monte, MO 65337
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Walnut St La Monte, MO 65337
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