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Address Withheld By Seller, 
Mt Vernon, MO 65712

$900,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Adam Graddy

Keller Williams

417-883-4900

Last updated:

July 31, 2026, 02:56 PM

MLS#

60327968

Source:

MO GSBOR

Sorry, we are unable to map this address

About This Home

Address Withheld By Seller

Located at 301 Mount Vernon, this fully renovated multi-family investment opportunity offers immediate income with excellent long-term upside. The property consists of 9 apartment units, including eight 1-bedroom units and one 2-bedroom unit, with 8 of the 9 units currently leased, generating $6,850 in monthly rental income. Every unit has been extensively updated with new flooring, fresh paint, and updated appliances, providing a turnkey asset with reduced maintenance and strong tenant appeal. Situated on 2.91 acres, the property offers additional land for potential future expansion, creating an opportunity for increased income potential. Buyers should note that the front portion of the property lies within a floodplain, and any future development plans should be verified through the purchaser's own due diligence. Additional amenities include a central coin-operated laundry facility, paved parking, and a convenient location with easy access to local employers, schools, and amenities. Whether you're looking to add a stabilized asset to your portfolio or capitalize on future expansion opportunities, this well-maintained apartment complex presents a compelling investment with immediate cash flow and value-add potential.

Home Facts

Multi-Family

Built in 1945

Subdivision & Development:

N/A

Price Summary

900,000

MLS #:

60327968

Last Updated:

July 31, 2026, 02:56 PM

Added:

a month ago


Structure

Structure

Year Built:

1945


Lot

Lot Size (Sq. Ft):

126,759


Finances & Disclosures

Finances

Price:

$900,000

Source:MO GSBOR
Copyright 2026 Southern Missouri MLS. All rights reserved. Listings courtesy of Southern Missouri MLS as distributed by MLS GRID

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.