New Complex in West Plains, MO

Property Description

For Sale - Income-Producing Multi-Unit Property in West Plains, Mo.

Prime Investment Opportunity in Howell County

Discover a brand-new multi-family investment property at 515 Nebraska Street, West Plains, MO. This former church has been fully converted into eight modern apartments, offering high-quality finishes, excellent location, and strong income potential.

Property Features (Largest to Smallest Units):

One (1) unit - 850 sq. ft. | 2 Bed / 2 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck

Four (4) units - 600 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck

Two (2) units - 550 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck

One (1) unit - 450 sq. ft. | 1 Bed / 1 Bath | Open concept, Luxury Vinyl Flooring, Quartz Countertops, Private Deck

Spacious parking lot and outdoor green space

Situated on a.48-Acre lot in a quiet neighborhood

Prime Location - High Rental Demand.

Property Highlights:

• Fully remodeled 7-unit apartment complex - turnkey and like new

• Strong income producer with estimated 9.5%Cap rate

• Units include one 2-bed unit ($1,200/Month), four 1-bed units ($1,000/Month), and one small unit ($959/Month)

• Seventh unit is an active Airbnb generating approximately $21,900/Year at $80-$125/Night

• Gross annual rental income: approximately $95,800

• Net Operating Income (Noi): approximately $76,000

• All units include appliances

• Owner pays utilities and property taxes

• Includes Airbnb management potential or option to convert to long-term rental

• Excellent investment opportunity with low maintenance and high demand rental units

• Priced at $799,900 - potential for upside depending on rental mix

Located in West Plains, Missouri, this property is just minutes from:

Missouri State University - West Plains

Downtown West Plains

Ozarks Healthcare

Restaurants, shopping, and essential amenities

Turnkey Investment - Strong ROI Potential

New Construction - Modern Features

Fully Income-Producing or Investment Opportunity

Annual Property Tax: $2,000

Annual Insurance: $2,000

Each unit has separate electric, water, and internet connections

This multi-family property for sale in Howell County, Missouri, is an excellent addition to any real estate portfolio. Whether you're looking for a turnkey rental investment or an income-generating property, this one checks all the boxes.

Call today to schedule a showing or for more details.