73 NW 291st Road, Centerview, MO 64019
- $198,000
- 3
- BD
- 2
- BA
- 1,401
- SqFt
- List Price
- $198,000
- Price Change
- ▼ $12,000 1785293019
- MLS#
- 2625724
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,401
- Lot Size
- 12,228
- Acres
- 0.28
- Subdivision
- Green Meadows
Property Description
Investor opportunity with immediate cash flow and future upside! This tenant-occupied 3-bedroom, 2-bath ranch offers approximately 1,400 square feet of living space and is leased through February 2027, providing consistent rental income from day one. Built in 1997, this all-electric home sits on a spacious 12,228 sq. ft. fenced lot and features a functional layout that continues to appeal to long-term tenants. The property is well maintained and offers excellent value-add potential with cosmetic improvements such as new flooring and fresh paint after the current lease expires. A roof replacement is anticipated, and a contractor estimate of approximately $10,000 is available. This expense has already been considered in the asking price. Based on market conditions, buyers may find an opportunity to increase rental income following cosmetic updates and lease expiration, subject to their own due diligence and market analysis. Priced below recent comparable sales, this property offers immediate income, long-term appreciation potential, and the opportunity to build additional value over time. Whether you're expanding your rental portfolio or completing a 1031 exchange, this is a solid investment opportunity with both stability and upside.
Additional Information
- Year Built
- 1997
- School District
- Centerview
- Garage
- Yes
- Garage Spaces
- 2
- Basement
- Yes
- Basement Description
- Unfinished
- Roof
- Composition
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Concrete, Frame
- Water
- Public
- Cooling
- Electric
- Heating
- Electric
- Taxes
- $1,222
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Listing courtesy of Madison Alexander of Brooks Realty Group LLC.
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