4930 Vernon Rd Sedalia, MO 65301-0682

This exceptional 12-unit apartment building presents a compelling investment opportunity in Sedalia, Missouri. Located on a spacious 2-acre lot just outside city limits at 4930 Vernon Rd, 65301, this Class B property boasts a strong 9.19% cap rate and a substantial net operating income (NOI) of $62,464. Built in 1980, the property features twelve two-bedroom, one-bathroom units, each with tenants responsible for their own utilities. Ample parking is provided with 24 spaces available. On-site amenities include a coin-operated laundry facility and a playground. The roof was recently replaced in 2016. The building utilizes all-electric systems and a private sewage treatment plant. Leases are a mix of 12-month and month-to-month agreements. The property is currently un-signed, offering excellent potential for enhanced marketing and occupancy. With a list price of $680,000, this translates to a price per unit of $56,666.67, representing a strong value in the current market. This property offers a solid foundation for immediate cash flow and long-term appreciation. The property's location and features make it an attractive option for both seasoned investors and those seeking to enter the multifamily market. Serious inquiries are encouraged.