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Listed by Charles Gilbert • Sellstate Heartland Realty
$650,000
Est. payment /mo
1.11 Acres Lot
New
206-216 E South AVE Belton, MO 64012
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Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Belton
MLS Listing ID 2650607
Year Built 1970
Annual Tax Amount $4,407
Lot Size 1.110 Acres
Acres 1.11
Lot Dimensions 156' x 310'
Property Sub-Type Apartment
Source hmls
Property Description
Investment Opportunity in Belton, MO – Updated 6-Unit Property with Expansion Approval! Discover a rare multi-family investment in the heart of Belton, Missouri! This well-maintained 6-unit property - made up of three duplexes on 1.12 acres - offers immediate cash flow and exceptional future upside. With city-approved plans to build additional units, this is the perfect opportunity for investors seeking scale, stability, and long-term value. Each unit features 1 bedroom, 1 bathroom, and a 1-car garage, plus generous storage space - highly desirable features that keep these rentals consistently in demand. All units have been updated throughout, ensuring low maintenance and strong tenant satisfaction. The property is currently fully occupied and producing an impressive 7%+ cap rate, with room to push rents or further improve the asset for even greater returns. Situated in a growing area of Belton, this property offers excellent proximity to shopping, dining, major highways, and employment centers. The expansive lot provides flexibility for scaling your portfolio without the headache of acquiring more land - the city has already approved adding more units, creating a powerful value-add opportunity. Whether you're an experienced investor looking to expand your holdings or a new investor seeking a stable, income-producing asset with major upside, this property checks every box. Don't miss this chance to secure a high-performing multi-family property with built-in growth potential. Opportunities like this are rare - schedule a tour or request financials today!
Location
State MO
County Cass
Zoning res
Interior
Heating Central Gas
Cooling Electric
Fireplace N
Laundry In Basement
Exterior
Parking Features true
Utilities Available Ind Heat And Air, Ind Water Heaters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar
Schools
Elementary Schools Belton
Middle Schools Belton
High Schools Belton
School District Belton
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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