400 Walnut St La Monte, MO 65337
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 400 Walnut St
- Year built
- 1980
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Monte
- County
- Pettis
- State
- Missouri
- Longitude
- -93.4258
- Latitude
- 38.7715
