Description
ATTENTION INVESTORS! 2 duplexes (4 units) listed for the first time in the heart of Osage Beach w/not only excellent rental history, but also additional acreage (9+ acres) to build many more units if desired. Seller purchased one building in 2007 (those units are 3 bed/2.5 bath w/1 car garage) & built the other one in 2014 (those are the 4 bed/2.5 bath w/no garage). Some of the tenants have been there for many years,& thus have lower rents than what would be expected in today's rental market. Seller is aware that the monthy rates are not at current market value, but a new owner could easily increase the rent on each unit to $1500+ per month. Units are fully rented/no vacancies, so potential buyers will have to make appointments at least 24 hours in advance to view a unit in each building. Buildings/units are in need of a bit of maintenance but because of full occupancy, the Seller has been unable to do that, so he is willing to provide a $50,000 credit at closing to cover those issues.
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0BEDS
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11ACRES
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0BATHS
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01/2 BATHS
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9,600SQFT
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$99$/SQFT
School Ratings & Info
Description
ATTENTION INVESTORS! 2 duplexes (4 units) listed for the first time in the heart of Osage Beach w/not only excellent rental history, but also additional acreage (9+ acres) to build many more units if desired. Seller purchased one building in 2007 (those units are 3 bed/2.5 bath w/1 car garage) & built the other one in 2014 (those are the 4 bed/2.5 bath w/no garage). Some of the tenants have been there for many years,& thus have lower rents than what would be expected in today's rental market. Seller is aware that the monthy rates are not at current market value, but a new owner could easily increase the rent on each unit to $1500+ per month. Units are fully rented/no vacancies, so potential buyers will have to make appointments at least 24 hours in advance to view a unit in each building. Buildings/units are in need of a bit of maintenance but because of full occupancy, the Seller has been unable to do that, so he is willing to provide a $50,000 credit at closing to cover those issues.
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These Properties are provided courtesy of Broker Reciprocity/IDX Lake of the Ozarks Board of REALTORS®, Inc. and Bagnell Dam Association of REALTORS® Multiple Listing Services. Real estate listings held by brokerage firms other than Coldwell Banker Lake Country are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Information is being provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Data last updated: 2022-06-30T17:26:30.923.