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221 Main Street

Garden City MO 64747

3485 sq. ft.
Apartment
Currently for sale - view listing

Overview

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 already completed. The property consists of four 2BR/1BA 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 structure . Major improvements include a newer roof, updated HVAC systems, and newer water heaters, all approximately 2 years old, significantly reducing near-term capital expense concerns . Each unit is equipped with essential appliances, including stove, and refrigerator, providing added convenience for tenants as well as a laundry area for all tenants. Utilities are landlord-paid, with total average utility costs reported at approximately $7,454 annually, allowing for simplified management and consistent occupancy . Annual real estate taxes are approximately $992, and the property has been professionally managed, making for a smooth transition for a new owner. With strong occupancy, recent renovations, and reliable tenants already in place, this property presents a true turnkey opportunity for investors seeking consistent income in a growing rental market.

Features

3485 sq. ft. lot size
Apartment

Property history for 221 Main Street

2022
Sold
Undisclosed
28 Jun 2022 by Charese Campbell, of 1st Class Real Estate KC

Happy sellers in Garden City

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Local market activity for apartments in Garden City

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Sales:
(619) 566-0008
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