Memphis, Mo Multi-unit Investment Property for Sale

Multi-unit investment property for sale located in Memphis, MO in Scotland County. The property is HUD approved and located one block south of the Memphis square. This 6,120 sq ft brick building offers 6 apartment units. All units come with kitchen appliances. The largest unit offers 2 bedrooms and 2 bathrooms with standard size kitchen and living room and main level bedroom and bathroom. The remaining 5 units are upstairs units offering one bedroom with one bathroom, kitchen and living area. Recent renovations completed on 3 units in 2022 include new drywall, vinyl replacement windows, cabinetry, appliances, flooring and bathroom fixtures. The building has a new rubber roof as of 2022. There is parking and laundry on site. The location of this property is ideal for tenants as you can easily access banks, restaurants, convenience stores, beauty shops, coffee shops, lumber yards, and local community events. Current ROI around 14%, financial information available upon request. If you are looking for an income property, please contact Talia Hatfield, Salesperson at 660-216-3078.

*Property lines on the map are thought to be accurate but are estimated.