Excellent investment opportunity for 21 apartment units in the heart of the Ozarks, Warsaw, Missouri. Offering a great unit mix of 1, 2, and 3 bedroom units, as well as 4 convenient storage units on a spacious 1 ¼ acre lot. The units boast a strong rental history, with high demand leading to swift lease up and sustained occupancy. All units are on city utilities, and 14 of the 21 units are separately metered for electricity with tenants paying in their names. 7 units are on one meter with landlord paying electricity for those, landlord pays water for all but 1 unit. There is fantastic value add opportunity, with multiple units under market rent, as well as on site coin laundry room that is currently not being utilized. Or monthly utility fees to help offset utility expenses. A significant portion of the units have been recently renovated, offering upgraded paint, vinyl plank flooring, mini split systems, decking, and more. This prime location presents an attractive opportunity to expand your portfolio in a desirable market. Note: all units are currently occupied, and showing requires an executed LOI or Purchase and Sale Agreement. All units can be viewed/ inspected during diligence period. Site visits are encouraged, please do not disturb tenants.
The median home value in Warsaw, MO is $111,300. This is lower than the county median home value of $127,600. The national median home value is $219,700. The average price of homes sold in Warsaw, MO is $111,300. Approximately 34.05% of Warsaw homes are owned, compared to 43.15% rented, while 22.8% are vacant. Warsaw real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Warsaw real estate agent to arrange a tour today!
Warsaw, Missouri 65355 has a population of 2,309. Warsaw 65355 is less family-centric than the surrounding county with 14.96% of the households containing married families with children. The county average for households married with children is 19.11%.
The median household income in Warsaw, Missouri 65355 is $29,583. The median household income for the surrounding county is $35,097 compared to the national median of $57,652. The median age of people living in Warsaw 65355 is 40.6 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 20 degrees. The average rainfall is approximately 44.4 inches per year, with 2.3 inches of snow per year.