For Sale
$89,500

424 Poplar St Piedmont, MO 63957

Six-Unit Rental Property, High Potential

Overview

Added:
Feb 3
Days on market:
79
This exceptional investment opportunity presents three adjacent duplexes located at 424 Poplar St., Piedmont, MO, situated on a 0.9-acre lot. The property comprises six rental units offering a compelling blend of potential and affordability. Four units boast 600 square feet each, while two larger units provide 916 square feet of living space. Each duplex features two two-bedroom units. While the buildings require some repairs, the current asking price of $89,500 presents a significant opportunity for value appreciation. Two of the duplexes feature durable metal roofing, while the third has a shingle roof. The property's location and the potential for rental income make this an attractive proposition for investors seeking a hands-on project with substantial returns. The current configuration allows for immediate rental income generation, with the potential for increased profitability following renovations and upgrades. The property's proximity to other units ensures efficient management and maintenance. This is a rare chance to acquire six rental units for a price significantly below $15,000 per unit, offering a strong return on investment for the right buyer. Act quickly to secure this promising investment opportunity.

Property Details for 424 Poplar St

Property type
Multifamily properties
Year Built
1940
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Piedmont
County
Wayne
State
Missouri
Latitude
37.16066
Longitude
-90.69631

FAQs

What type of property is this?
Multifamily property - Six-Unit Rental Property, High Potential
Where is the multifamily property located?
The property is located at 424 Poplar St Piedmont, MO.
What is the asking price?
The asking price for this property is $89,500.
How can I contact the broker?
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424 Poplar St
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