Listing provided courtesy of Real Broker LLCMLS# 25057610MLS Provider
  • 308 days on site
  • 11 views

8 Unit Package in 2 separate 4 family buildings, being sold at a 9.5% cap rate. 100% turnkey and generating a NOI of $66k, these buildings have a little something for anyone seeking cashflow! Two 2 bd Units, Six 1 bd units, one of which is furnished. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Stable tenancy is longer term and mostly are at market rates (one exception is a little low). Tenants have been thoroughly vetted and pay electronically and on time. Five Units have Electronic door locks which minimize key management concerns. Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units. 4735-37 are nearly identical in finishes with new shaker cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Photos for all units linked the downloadable supporting docs. Seller has completed full inspections on both buildings and the units and they are provided in the supplements along with financials. Agent has a relationship with ownership, and they are ready to buy thier next building! Two Parcels, Seller prefers to sell as a package and close before Christmas. We have connections to DSCR lenders offering 6.5% interest rates on 25 year amortization, as well we can consider conventional loans so long as the income method of appraisal will be utilized. Seller will not finance, or accept any sort of “creative” offer. Must relinquish property entirely, using 1031 exchange. Please download the OM for details and deeper financial information, additional pictures and video. Video tour available is of the furnished unit. Some furnishings may have changed slightly. Check OM for link to receipts, inspections, photos of each unit, leases, occupancy certificates and more.INSPECTIONS HAVE BEEN PROVIDED by Seller 10/2025 and are linked in the OM. Some still coming in, and some repairs will be completed. 4735 Sewer has been repaired (small break near city main) 10/23/2025 and both are now in open and servicable condition with no recommended repairs.

Source: Missouri - MARIS MLS, MLS#: 25057610

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  • Property Type
    Residential Income
  • Lot
    0.30 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 4731-4737 Alaska


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
12/19/2025Source: Missouri - MARIS MLS Status Change
Pending
12/13/2025Source: Missouri - MARIS MLS Price Reduction
$699,900 -3.5%
11/6/2025Source: Missouri - MARIS MLS Status Change
Active
11/6/2025Source: Missouri - MARIS MLS Price Reduction
$725,000 -3.3%
10/29/2025Source: Missouri - MARIS MLS Status Change
Hold
10/3/2025Source: Missouri - MARIS MLS Price Reduction
$749,900 -3.2%
9/1/2025Source: Missouri - MARIS MLS Status Change
Active
8/25/2025Source: Missouri - MARIS MLS Added to Database
August 25, 2025