100 Fox Rdg Dr Montreal, MO 65591

Property Details for 100 Fox Rdg Dr

Year built

1996

Lot size

6.40 lot acres

Property size

6,400 SF

Property type

Multifamily properties

Description

This exceptional multifamily property, located at 100 Fox Ridge Drive in Montreal, Missouri, presents a lucrative investment opportunity. The 6,400 square foot building sits on a spacious 6.4-acre lot, offering significant potential for expansion. Currently generating a substantial annual income of $67,200, the property comprises eight rental units. Six units command a monthly rent of $725, one unit rents for $625 per month, and a final unit is rented at $200 per month, with the tenant providing significant property maintenance services in exchange for reduced rent. The property features a private well and septic system, ensuring self-sufficiency. A new roof was installed in 2018, enhancing the property's longevity and reducing immediate maintenance concerns. Annual operating expenses are well-documented and include insurance ($3,182.00), trash removal ($2,259.36), and electricity ($948.00). The property's convenient location, just minutes from local amenities and entertainment, further enhances its appeal to both tenants and investors. The ample land provides significant room for future development or expansion, presenting a compelling opportunity for increased revenue generation. This property offers a strong cash flow and significant upside potential, making it an ideal addition to any investment portfolio. The property is priced at $650,000.

Location Insight

City

Montreal

County

Camden

State

Missouri

Longitude

-92.6743

Latitude

38.0459