Investor opportunity with immediate rental income and future upside! This tenant-occupied 3-bedroom, 2-bath all-electric ranch offers approximately 1,400 square feet of living space on a spacious 12,228 sq. ft. lot with a large fenced backyard. Built in 1997, the property is currently leased through February 2027 at $1,365 per month, providing established rental income from day one. The home does need a new roof, with a contractor estimate of approximately $10,000 available; this anticipated expense has already been considered in the asking price. Beyond the roof, the primary value-add opportunity is cosmetic, with new flooring and paint offering potential to increase rental appeal and income after the current lease expires. Preliminary estimates suggest potential future rent of approximately $1,450-$1,500 per month following updates, subject to market conditions and buyer verification. Offered at $174,900, this property provides investors an opportunity to purchase below recent comparable sales while acquiring an established rental with potential for long-term appreciation and future income growth. Please do not disturb the tenant. Showings by appointment with adequate notice.
| MLS # | 2625724 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1997 |
| Days On Site | 79 |
| Listing Provided By | Brooks Realty Group LLC | Madison Alexander |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,401 |
| Garage | 2 |
| Basement | Y |
| Acreage | 0.28 |
| Property | 1222 |
|---|
| State | MO |
|---|---|
| County | Johnson, MO |
| City | Centerview |
| Zip Code | 64019 |
| Area | 220 Johnson County | Mo |
| Community Name | Green Meadows |
| Listing VS Median (in Green Meadows) | |
Price: $174,900 low | high Med: $469,000 sqft: 1,401 low | high Med: 2,841 $ / sqft: $125 low | high Med: $165 On site: 79 low | high Med: 45 | |
| State | MO |
|---|---|
| County | Johnson, MO |
| City | Centerview |
| Zip Code | 64019 |
| Area | 220 Johnson County | Mo |
| Community Name | Green Meadows |
| Listing VS Median (in Green Meadows) | |
Price: $174,900 low | high Med: $469,000 sqft: 1,401 low | high Med: 2,841 $ / sqft: $125 low | high Med: $165 On site: 79 low | high Med: 45 | |