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Two Quadplexes near Whiteman AFB

2 Multifamily Properties Offered at $1,204,849 CAD in Knob Noster, MO

Investment Highlights

  • 100% occupied with waitlist
  • Updated units, siding, fascia, gutters, soffit, appliances, floors and paint
  • Short drive to Whiteman Air Force Base

Executive Summary

Welcome to 208 & 206 Grant Ave. These thoughtfully upgraded quadplexes' offering immediate rental income with 7 units rented while one unit remains vacant (unit can be filled before closing if desired), perfect for owner occupancy . Each unit boasts modern updates, including fresh flooring, new paint, stylish fixtures, and updated appliances, complete with in-unit washers and dryers. Recent exterior improvements make this property even more appealing, with new gutters, downspouts, soffits, and fascia, as well as newly installed decks and concrete patios in the backyard, enhancing outdoor living spaces for tenants and owners alike. Located a short drive from Whiteman Air Force Base, this property is an attractive choice for investors and owner-occupants aiming to offset their mortgage through tenant income. The owner covers water and sewer, while tenants handle all other utilities, keeping management simple and efficient. The purchase of 208 & 206 Grant also opens doors for future growth, with four additional buildable lots available. Don’t miss out on this rare investment opportunity to acquire a high-quality, income-producing property with promising development options.

Attachments

24-370 PLAT OF SURVEY - REVISED
Grant Ave Quadplexes - Analysis

Taxes & Operating Expenses (Pro forma - 2025)

Annual (CAD)
Gross Rental Income $129,273
Other Income -
Vacancy Loss -
Effective Gross Income $129,273
Taxes $1,905
Operating Expenses $22,725
Total Expenses $24,630
Net Operating Income $104,643

Taxes & Operating Expenses (Pro forma - 2025)

Gross Rental Income (CAD)
Annual $129,273
Other Income (CAD)
Annual -
Vacancy Loss (CAD)
Annual -
Effective Gross Income (CAD)
Annual $129,273
Taxes (CAD)
Annual $1,905
Operating Expenses (CAD)
Annual $22,725
Total Expenses (CAD)
Annual $24,630
Net Operating Income (CAD)
Annual $104,643

Property Facts

Price $1,204,849 CAD
Price / SF $27.66 CAD / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 8.69%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 43,560 SF
Total Land Area 0.41 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
208 N Grant Ave, Knob Noster, MO 65336 Multifamily 21,780 SF 1968 -
206 N Grant Ave, Knob Noster, MO 65336 Multifamily 21,780 SF 1968 -
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  • Listing ID: 34047968

  • Date on Market: 2024-12-02

  • Last Updated:

  • Address: Two Quadplexes near Whiteman AFB, Knob Noster, MO

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