717 Mount Mora RdSaint Joseph, MO 64501

Property Details for 717 Mount Mora Rd

Year built

1915

Lot size

0.16 AC

Property size (Sq ft)

3,352 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a fully occupied, two-unit apartment building located at 717 Mt Mora Rd, Saint Joseph, Missouri, 64501. The property, built in 1915 and recently renovated (2023-2024), boasts a total of 3,352 square feet on a 0.16-acre lot. Each unit offers approximately 1676 square feet and is currently rented at $49,500 per unit, resulting in a total asking price of $99,000. Recent renovations include fresh paint and new flooring throughout both units, with one unit featuring newly installed cabinetry. The flat roof has been professionally sealed. Tenants are responsible for all utilities, minimizing landlord expenses. The property generates a strong net operating income (NOI) of $19,200, translating to a compelling 19.39% capitalization rate. This represents a rare opportunity to acquire a high-performing, low-maintenance multifamily investment in a desirable location. The property's strong occupancy rate of 100% ensures immediate cash flow. This is an ideal investment for those seeking a stable and profitable addition to their portfolio. The property's location in Buchanan County offers convenient access to local amenities and transportation. This turnkey investment requires minimal effort and promises significant returns.

Location Insight

City

Saint Joseph

County

Buchanan

State

Missouri

Latitude

39.7732

Longitude

-94.8419

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