304 E 19Th St Rolla, MO 65401
- Multifamily properties
- 0.34 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 304 E 19Th St
- Year built
- 1948
- Lot size
- 0.34 lot acres
- Property type
- Multifamily properties
Description
This exceptional 8-unit multifamily property presents a compelling investment opportunity in Rolla, Missouri. Located at 304 E 19th Street, this 0.34-acre property enjoys a highly desirable location, situated directly behind a Starbucks and Lee's Chicken, offering immediate proximity to both the Missouri University of Science and Technology (MST) campus and the vibrant business loop. The strategic positioning ensures strong rental demand and significant potential for future appreciation. The property currently consists of eight individual units, each featuring a one-bedroom, one-bathroom layout. Each unit is equipped with an electric heating stove and refrigerator, providing essential amenities for tenants. The existing structure offers immediate rental income, while the prime location and surrounding development present significant opportunities for future redevelopment and value enhancement. This property is an ideal investment for those seeking a stable income stream with considerable upside potential in a rapidly growing area. The combination of a strong location, existing rental income, and redevelopment possibilities makes this a rare and attractive investment opportunity. Don't miss the chance to secure this prime property. The asking price is $699,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rolla
- County
- Phelps
- State
- Missouri
- Longitude
- -91.76686
- Latitude
- 37.95928
