Excellent opportunity to acquire a stabilized 24-unit multifamily portfolio in Butler, Missouri, consisting of 10 duplex buildings, one triplex and one single-family residence. Twenty of the units are located together on Wix Lane, with the remaining four units located just one street over on High Street, creating a highly concentrated… Read More portfolio that is convenient to operate and manage. Offered at $2.65 million, the portfolio generated approximately $211,577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260,220 annually and have already increased materially since the 2025 appraisal which came in at $2,736,000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over. The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential. The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services. Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026. Read Less
Listing courtesy of Platinum Realty LLC 888-220-0988
Listing Snapshot
Days Online
5
Last Updated
Property Type
Package Of Properties
Lot Size
0.34 Acres
Year Built
1973
MLS Number
2639326
Additional Details
Appliances & Equipment
Description: Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Building
Construction Materials: Frame, Year Built: 1973
Cooling
Details: Electric
Exterior Features
Features: Private Entrance, Patio Features: Deck
Heating
Heating: Natural Gas
Home Owner's Association
Fee: 0, Dues Frequency: None
Laundry
Description: Inside, Utility Room
Lot
Size: 15000
Parking
Parking Total: 48
Property
Zoning: RES
Roof
Description: Composition
Sewer
Sewer: Public Sewer
Utilities
Water Source: Public, Utilities: Separate Meters
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Listings courtesy of Heartland MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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