600 West Jackson Street

Warsaw, MO 65355

$1,350,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Excellent investment opportunity for 21 apartment units in the heart of the Ozarks, Warsaw, Missouri. Offering a great unit mix of 1, 2, and 3 bedroom units, as well as 4 convenient storage units on a spacious 1 ¼ acre lot. The units boast a strong rental history, with high demand leading to swift lease up and sustained occupancy. All units are on city utilities, and 14 of the 21 units are separately metered for electricity with tenants paying in their names. 7 units are on one meter with landlord...Excellent investment opportunity for 21 apartment units in the heart of the Ozarks, Warsaw, Missouri. Offering a great unit mix of 1, 2, and 3 bedroom units, as well as 4 convenient storage units on a spacious 1 ¼ acre lot. The units boast a strong rental history, with high demand leading to swift lease up and sustained occupancy. All units are on city utilities, and 14 of the 21 units are separately metered for electricity with tenants paying in their names. 7 units are on one meter with landlord paying electricity for those, landlord pays water for all but 1 unit. There is fantastic value add opportunity, with multiple units under market rent, as well as on site coin laundry room that is currently not being utilized. Or monthly utility fees to help offset utility expenses. A significant portion of the units have been recently renovated, offering upgraded paint, vinyl plank flooring, mini split systems, decking, and more. This prime location presents an attractive opportunity to expand your portfolio in a desirable market. Note: all units are currently occupied, and showing requires an executed LOI or Purchase and Sale Agreement. All units can be viewed/ inspected during diligence period. Site visits are encouraged, please do not disturb tenants.
  1. Listed by Charles Gray • RE/MAX TRUMAN LAKE • 660-525-0393

Property Details for 600 West Jackson Street

Zoning
R-3

Location

Listing Courtesy of RE/MAX TRUMAN LAKE
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LISTING UPDATED: 04/04/2024 10:23 AM

Property Details for 600 West Jackson Street

StatusActive
MLS #2481374
Days on Market29
Taxes$7,768 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1945
CountyBenton County

Location

Listing Courtesy of RE/MAX TRUMAN LAKE
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Building Information for 600 West Jackson Street

Building/Complex600 W Jackson StFloor-Stories2Residences21Pet Policy-Year Built1945Building Size-

Payment Calculator

$8,015 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$647

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 600 West Jackson Street

Summary
Location and General Information
  • City: Warsaw
  • County Or Parish: Benton
  • Directions: Corner of W. Jackson & Bolivar. Warsaw, MO
  • Inside City Limits: Yes
  • Latitude: 38.245933
  • Longitude: -93.382243
  • MLS Area Major: 222 - Benton County
  • Postal Code: 65355
  • State Or Province: MO
  • Subdivision Name: None
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $7,768.00
  • Parcel Number: 999999
  • Tax Annual Amount: $7,768.00
School Information
  • High School District: Warsaw
Parking
  • Garage: No
  • Parking Features: Off Street
Property
Lot Information
  • Building Area Total: 12171.0
  • Lot Size Area: 1.25
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 54,450.00
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Block, Vinyl Siding
  • Documents Available: Financial Details,Lease Agreements
  • Documents Count: 1
  • Age Description: 76-100 Years
  • FEMA 100 Yr Flood Plain: No
  • Special Documents Required YN: 0
  • Type Of Management: Owner Manager
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 17
  • Year Built: 1945
Utilities
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Other, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Roof: Metal
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom,2 Bedroom,3 Bedroom
  • Cooling: Other
  • Central Air YN: No
  • Heating: Other
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 21
Income & Expenses
  • Gross Income: $176,820.00
  • Maintenance Provided YN: 1
  • Operating Expense: $51,795.00
  • Operating Expense Includes: Maintenance, Insurance, Real Estate Tax, Water/Sewer
Unit 1
  • Unit Type Type: Apartments
Rental
Rent Information
  • Current Occupancy Rate: Over 95%
  • Deposit: TBD
  • Existing Lease Terms: One Year Lease

Property History for 600 West Jackson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 600 West Jackson Street

This home is within Warsaw R-Ix School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
North Elementary School
PublicK to 5

John Boise Middle School
Public6 to 8

Warsaw High School
Public9 to 12

South Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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600 West Jackson Street is a multi-family home for sale in Warsaw, MO 65355. This property was listed for sale on April 4, 2024 by RE/MAX TRUMAN LAKE, it's currently listed at $1,350,000. This listing's school district is Warsaw R-Ix School District. Nearby schools include North Elementary School, John Boise Middle School and Warsaw High School. 600 West Jackson Street is a 0-bed, 0-bath, multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX TRUMAN LAKE

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.