Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

916 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Fully Renovated 8-Plex - University Demand 408 S Mulberry St

8 Unit Block of Flats £640,399 (£80,050/Unit) 7.14% Net Initial Yield Warrensburg, MO 64093

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Walking distance to the University and Downtown
100% Rented

7 units fully remodeled

Executive Summary

This fully renovated, turnkey 8-plex at 408 S. Mulberry Drive presents a premier investment opportunity in Warrensburg, Missouri. Ideally situated near the University of Central Missouri and Whiteman Air Force Base, the property comprises four two-bedroom units and four one-bedroom units. Recent improvements include fresh exterior paint, enhanced landscaping, and partial interior remodels, with only one unit remaining for a final refresh.
Located within walking distance of the university, this complex holds strong appeal for student renters. Tenants are responsible for all utilities except trash and lawn maintenance, keeping operating costs low for investors. A generous parking lot further enhances tenant convenience.
With the potential to boost rental income by adding washer and dryer hookups to the two-bedroom units, this 8-plex offers both immediate returns and room for growth. Property management is already in place, ensuring a smooth transition for new ownership. Don’t miss out on this chance to invest in a high-demand location with consistent occupancy potential.

8-Plex Financials and Analysis

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£58,670	£7.33
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£58,670	£7.33
Taxes	£1,966	£0.25
Operating Expenses	£10,147	£1.27
Total Expenses	£12,113	£1.51
Net Operating Income	£46,557	£5.82

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£58,670
Annual Per SF	£7.33

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£58,670
Annual Per SF	£7.33

Taxes
Annual	£1,966
Annual Per SF	£0.25

Operating Expenses
Annual	£10,147
Annual Per SF	£1.27

Total Expenses
Annual	£12,113
Annual Per SF	£1.51

Net Operating Income
Annual	£46,557
Annual Per SF	£5.82

Property Facts

Price	£640,399	Building Class	C
Price Per Unit	£80,050	Lot Size	0.50 AC
Sale Type	Investment	Building Size	8,000 SF
Net Initial Yield	7.14%	Average Occupancy	100%
Sale Conditions	1031 Exchange Portfolio Sale	Number of Floors	2
No. Units	8	Year Built/Renovated	1970/2024
Property Type	Residential	Parking Ratio	2/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£640,399
Price Per Unit	£80,050
Sale Type	Investment
Net Initial Yield	7.14%
Sale Conditions	1031 Exchange Portfolio Sale
No. Units	8
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.50 AC
Building Size	8,000 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1970/2024
Parking Ratio	2/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.