622 Main St 632 Joplin, MO 64801-2316

This exceptional investment opportunity presents a brand-new, 16-unit multifamily property located at 622 & 634 N Main Street, Joplin, Missouri, 64801. The property, situated on a 0.28-acre lot, consists of two buildings – a 12-unit building and a 4-plex – totaling 8,367 square feet. Construction is slated for completion by mid-August 2024, allowing for immediate occupancy and rental income generation. The property boasts a Class A designation and features 15 one-bedroom, one-bathroom apartments and one studio apartment. All units are equipped with energy-efficient Daikin mini-splits for superior climate control. Residents enjoy the convenience of on-site laundry facilities. The property is zoned C1-PD and offers a compelling price per unit of $100,000, with an overall asking price of $1,600,000 ($191.23 per square foot). This represents a strong value proposition in the Joplin, MO market. This newly constructed property is an ideal addition to any investor's portfolio, promising excellent returns and low maintenance. The property's modern design and energy-efficient features ensure both comfort and cost-effectiveness for tenants.