Fully Renovated 8-Plex - University Demand | 408 S Mulberry St
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Fully Renovated 8-Plex - University Demand 408 S Mulberry St
8 Unit Apartment Building $1,147,724 CAD ($143,465 CAD/Unit) 7.14% Cap Rate Warrensburg, MO 64093
Investment Highlights
- Walking distance to the University and Downtown
- 100% Rented
- 7 units fully remodeled
Executive Summary
This fully renovated, turnkey 8-plex at 408 S. Mulberry Drive presents a premier investment opportunity in Warrensburg, Missouri. Ideally situated near the University of Central Missouri and Whiteman Air Force Base, the property comprises four two-bedroom units and four one-bedroom units. Recent improvements include fresh exterior paint, enhanced landscaping, and partial interior remodels, with only one unit remaining for a final refresh.
Located within walking distance of the university, this complex holds strong appeal for student renters. Tenants are responsible for all utilities except trash and lawn maintenance, keeping operating costs low for investors. A generous parking lot further enhances tenant convenience.
With the potential to boost rental income by adding washer and dryer hookups to the two-bedroom units, this 8-plex offers both immediate returns and room for growth. Property management is already in place, ensuring a smooth transition for new ownership. Don’t miss out on this chance to invest in a high-demand location with consistent occupancy potential.
Located within walking distance of the university, this complex holds strong appeal for student renters. Tenants are responsible for all utilities except trash and lawn maintenance, keeping operating costs low for investors. A generous parking lot further enhances tenant convenience.
With the potential to boost rental income by adding washer and dryer hookups to the two-bedroom units, this 8-plex offers both immediate returns and room for growth. Property management is already in place, ensuring a smooth transition for new ownership. Don’t miss out on this chance to invest in a high-demand location with consistent occupancy potential.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$105,232
|
$13.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,232
|
$13.15
|
| Taxes |
$3,526
|
$0.44
|
| Operating Expenses |
$18,200
|
$2.28
|
| Total Expenses |
$21,726
|
$2.72
|
| Net Operating Income |
$83,506
|
$10.44
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $105,232 |
| Annual Per SF | $13.15 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $105,232 |
| Annual Per SF | $13.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,526 |
| Annual Per SF | $0.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,200 |
| Annual Per SF | $2.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,726 |
| Annual Per SF | $2.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $83,506 |
| Annual Per SF | $10.44 |
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Ceiling Fans
- Double Pane Windows
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,221 CAD | - |
| 1+1 | 4 | $1,077 CAD | - |
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PROPERTY TAXES
| Parcel Number | 12702601002001500 | Total Assessment | $45,882 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $3,526 CAD ($0.44 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
12702601002001500
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$45,882 CAD
Annual Taxes
$3,526 CAD ($0.44 CAD/SF)
Tax Year
2024
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Fully Renovated 8-Plex - University Demand | 408 S Mulberry St
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