13275 Old Wire Outer Rd Rolla, MO 65401
- Commercial real estate
- 1,608 SF
- 3.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 13275 Old Wire Outer Rd
- Year built
- 1960
- Lot size
- 3.62 lot acres
- Property size
- 1,608 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 1-story, 1960-built triplex located at 13275 Old Wire Outer Rd, Rolla, MO 65401. The property sits on a substantial 3.62-acre lot, offering significant potential for expansion and development. The existing structure comprises 1,608 square feet and features three individual units, each a one-bedroom, one-bathroom apartment currently commanding a market rent of $350 per month. This prime location offers immediate rental income to help offset mortgage payments, while the property's adjacency to the future VA clinic presents a compelling case for future appreciation. The property's location just outside the city limits of Rolla, Missouri, within Phelps County, provides a unique blend of accessibility and potential for future development, making it an attractive proposition for both seasoned investors and those seeking a strategic entry point into the Missouri real estate market. The substantial lot size allows for the construction of additional multifamily units or the establishment of a commercial enterprise, further enhancing the property's long-term value and investment potential. This is a rare opportunity to acquire a multifamily property with significant upside in a rapidly developing area. The asking price is $225,000.
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
- Rolla
- County
- Phelps
- State
- Missouri
- Longitude
- -91.808332768243
- Latitude
- 37.940352092029
