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Listed by Madison Alexander • Brooks Realty Group LLC
$198,000
Est. payment /mo
3 Beds
2 Baths
1,401 SqFt
Active
73 NW 291st RD Centerview, MO 64019
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,401 sqft
Price per Sqft $141
Subdivision Green Meadows
MLS Listing ID 2625724
Bedrooms 3
Full Baths 2
Year Built 1997
Annual Tax Amount $1,222
Lot Size 0.281 Acres
Acres 0.28071624
Property Sub-Type Single Family Residence
Source hmls
Property Description
Investor opportunity with immediate cash flow and long-term upside! This tenant-occupied 3-bedroom, 2-bath ranch offers approximately 1,400 square feet of living space and sits on a spacious 12,228 sq. ft. fenced lot. Built in 1997, this all-electric home is currently leased through February 2027, generating $1,365 per month in rental income from day one and providing investors with stable cash flow without the hassle of securing a tenant.
The home presents an excellent value-add opportunity for investors looking to build equity over time. While cosmetic updates such as flooring and paint may be desired after the current lease expires, the primary capital improvement anticipated is a roof replacement. A contractor estimate of approximately $10,000 is available, and this expense has already been factored into the asking price. There are currently no known roof leaks. Based on recent comparable sales, similar updated homes in the area have sold in the $210,000-$230,000 range, even after accounting for the cost of a roof replacement. With a new roof and cosmetic improvements, the property's estimated future resale value could range from approximately $245,000-$270,000, while estimated market rent could increase to approximately $1,550-$1,600 per month. These figures are estimates only and should be independently verified by buyers.
With 2025 property taxes of just $1,222, immediate rental income, and pricing that compares favorably with recent neighborhood sales, this property offers an attractive combination of current cash flow and future appreciation potential. Whether you're expanding your rental portfolio, completing a 1031 exchange, or adding a long-term investment in an established residential neighborhood, this is an opportunity to acquire a performing asset with upside already built into the purchase price.
The home presents an excellent value-add opportunity for investors looking to build equity over time. While cosmetic updates such as flooring and paint may be desired after the current lease expires, the primary capital improvement anticipated is a roof replacement. A contractor estimate of approximately $10,000 is available, and this expense has already been factored into the asking price. There are currently no known roof leaks. Based on recent comparable sales, similar updated homes in the area have sold in the $210,000-$230,000 range, even after accounting for the cost of a roof replacement. With a new roof and cosmetic improvements, the property's estimated future resale value could range from approximately $245,000-$270,000, while estimated market rent could increase to approximately $1,550-$1,600 per month. These figures are estimates only and should be independently verified by buyers.
With 2025 property taxes of just $1,222, immediate rental income, and pricing that compares favorably with recent neighborhood sales, this property offers an attractive combination of current cash flow and future appreciation potential. Whether you're expanding your rental portfolio, completing a 1031 exchange, or adding a long-term investment in an established residential neighborhood, this is an opportunity to acquire a performing asset with upside already built into the purchase price.
Location
State MO
County Johnson
Rooms
Basement Unfinished
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Parking Features true
Garage Spaces 2.0
Roof Type Composition
Building
Entry Level 2 Stories
Sewer Public Sewer
Water Public
Structure Type Concrete,Frame
Schools
School District Centerview
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
