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Listed by Nicholas Lemuel Henderson Akins Realty
$ 40,000
Est. payment /mo
Active
18800 2nd Avenue Wheatland, MO 65779
0.35 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Subdivision Hickory-Not In List
MLS Listing ID SOM60325877
Year Built 1970
Annual Tax Amount $91
Tax Year 2023
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Residential Income
Property Description
2 Houses. 1 Price. And a whole lot of upside.Everybody talks about finding cash flow. Most spend months looking. This one's sitting right here.Two mobile homes selling together for just $40,000 on a corner lot, with an additional third utility hookup already in place for another mobile home or camper.One home is currently rented to a long-term tenant at $300/month, and the other was recently vacant after bringing in $300/month. That's $600/month in gross rental potential from the existing homes, with even more upside if you add a third unit or camper to the extra hookup. $600/month current gross income potential Third hookup ready for another home or RV/camper Strong cap rate at the asking price Value-add opportunity through updates and rent increases Long-term tenant already in place Corner lot with added flexibility Close to Lucas Oil Speedway and Pomme de Terre LakeWhether you're looking for your first investment property or another addition to your portfolio, deals under $50,000 with existing income and expansion potential are getting harder to find.Not flashy. Not fancy. Just the kind of property investors quietly buy while everybody else is chasing the next shiny thing.Give me a call before somebody else runs the numbers.
Location
State MO
County Hickory
Zoning ~
Interior
Heating Other
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Electricity Available, Sewer Available, High Speed Internet
Waterfront Description None
Roof Type Metal
Garage No
Building
Sewer Public Sewer
Water City
Structure Type Metal
Schools
Elementary Schools Wheatland
Middle Schools Wheatland
High Schools Wheatland
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional