Fully Occupied 4-Plex Investment Opportunity in Garden City
Price:
$345,000
Acreage:
0.1
County:
Cass
State:
Mississippi
Property Description
Located in the heart of Garden City, Missouri, this fully occupied fourplex offers a strong, stable investment opportunity with immediate cash flow and recent updates. The property consists of four residential units, all currently leased with written agreements in place and tenants paying consistently.
Current monthly rents range from approximately $950 to $1,040 per unit, providing steady income with room for long-term growth.
The building was originally constructed in 1920 and underwent a full renovation in 2024, bringing the property up to modern standards while maintaining its solid brick construction and character. Major improvements include a newer roof, updated HVAC systems, and newer water heaters, all of which are approximately 2 years old.
Utilities are currently landlord-paid, with average annual utility expenses reported at approximately $7,454.
Annual real estate taxes are approximately $992, and the property has been professionally managed, creating a smooth transition opportunity for a new owner.
With strong occupancy, recent renovations, and reliable tenants already in place, this property presents a turn-key opportunity for investors seeking consistent income in a growing rental market.
Call for additional financial information, lease documents, and to schedule a private showing.
Property Features
- Fully occupied 4-unit investment property
- Located in downtown Garden City, MO
- Rents range approximately $950–$1,040/month
- All leases currently in place
- One unit operating month-to-month
- Fully renovated in 2024
- Brick building originally constructed in 1920
- Roof, HVAC, and water heaters are approximately 2 years old
- Professionally managed property
- Landlord-paid utilities (~$7,454 annually)
- Annual taxes are approximately $992
- Turn-key income-producing opportunity