See all 30 photos
30 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Madison Alexander • Brooks Realty Group LLC
$174,900
Est. payment /mo
3 Beds
2 Baths
1,401 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,401 sqft
Price per Sqft $124
Subdivision Green Meadows
MLS Listing ID 2625724
Bedrooms 3
Full Baths 2
Year Built 1997
Annual Tax Amount $1,222
Lot Size 0.281 Acres
Acres 0.28071624
Property Sub-Type Single Family Residence
Source hmls
Property Description
Investor opportunity with immediate rental income and future upside! This tenant-occupied 3-bedroom, 2-bath all-electric ranch offers approximately 1,400 square feet of living space on a spacious 12,228 sq. ft. lot with a large fenced backyard. Built in 1997, the property is currently leased through February 2027 at $1,365 per month, providing established rental income from day one. The home does need a new roof, with a contractor estimate of approximately $10,000 available; this anticipated expense has already been considered in the asking price. Beyond the roof, the primary value-add opportunity is cosmetic, with new flooring and paint offering potential to increase rental appeal and income after the current lease expires. Preliminary estimates suggest potential future rent of approximately $1,450–$1,500 per month following updates, subject to market conditions and buyer verification. Offered at $174,900, this property provides investors an opportunity to purchase below recent comparable sales while acquiring an established rental with potential for long-term appreciation and future income growth. Please do not disturb the tenant. Showings by appointment with adequate notice.
Location
State MO
County Johnson
Rooms
Basement Unfinished
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Parking Features true
Garage Spaces 2.0
Roof Type Composition
Building
Entry Level 2 Stories
Sewer Public Sewer
Water Public
Structure Type Concrete,Frame
Schools
School District Centerview
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less Info
Nearby Locations
GET MORE INFORMATION