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$ 249,500
Est. payment | /mo
4 Baths
2,208 SqFt
$ 249,500
Est. payment | /mo
4 Baths
2,208 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $112
MLS Listing ID 265593
Annual Tax Amount $1,074
Tax Year 1074
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Quadruplex
Source Ozark Gateway Association of REALTORS®
Land Area 2208
Property Description
Fourplex investment opportunity in Neosho. 522 W Brook Street is a single-story, four-unit building on a 0.21-acre corner lot inside Newton County city limits, with 2,208 total square feet and a unit mix of one studio, two 2-bedroom/1-bath units, and one 3-bedroom/1-bath unit. All four units are currently tenant occupied.
Current rents total $2,700 per month. Potential gross scheduled rent is $2,950 per month, so there is room to bring rents up as leases turn. Three of the four units are currently below potential.
Central natural gas heat and central cooling. City water, city sewer, electric through Liberty. Composition roof. Annual taxes $1,074. Financing per MLS is cash or conventional.
Corner-lot location just off S Neosho Boulevard, close to Neosho schools, shopping and services, with Highway 49 and Highway 60 providing access toward Joplin, Northwest Arkansas and the broader Southwest Missouri employment corridor.
Property is tenant occupied; showings by appointment only, with advance notice required and no access to the studio unit at this time. Buyers should verify unit measurements, lease terms, rent roll, and all income and expense figures independently during due diligence.
Current rents total $2,700 per month. Potential gross scheduled rent is $2,950 per month, so there is room to bring rents up as leases turn. Three of the four units are currently below potential.
Central natural gas heat and central cooling. City water, city sewer, electric through Liberty. Composition roof. Annual taxes $1,074. Financing per MLS is cash or conventional.
Corner-lot location just off S Neosho Boulevard, close to Neosho schools, shopping and services, with Highway 49 and Highway 60 providing access toward Joplin, Northwest Arkansas and the broader Southwest Missouri employment corridor.
Property is tenant occupied; showings by appointment only, with advance notice required and no access to the studio unit at this time. Buyers should verify unit measurements, lease terms, rent roll, and all income and expense figures independently during due diligence.
Location
State MO
County Newton
Direction From s neosho blvd turn right onto W Brook St. the destination will be on your left.
Interior
Heating Central, Central Gas
Cooling Multi-Unit, Central
Exterior
Fence None
View Y/N No
Roof Type Composition
Building
Sewer Sewer - City
Level or Stories Single Story
Listed by Venture Group Real Estate
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