608 N Walnut Street, Rolla, MO 65401

$529,000
List Price
$529,000
Days on Market
13
MLS#
22061280
Status
ACTIVE
Lot Size
6,534
Sq. Ft. Above
6,600
Acres
0.15
Year Built
1920
Age
102
Subdivision
McEntees Add
Municipality
Rolla
School District
Rolla 31
County
Phelps
Listing Type
Commercial

Property Description

Attention Investors! Possibilities abound with this well-situated rental property which can bring solid passive income into the future. Located just blocks from MS&T and Downtown Rolla, this well maintained 14-bedroom apartment complex has been recently renovated w/ hardwood floors throughout. It is fully leased through July 2023. Divided into 3 large units that have been rented to larger groups in the past. Property is currently rented on a room-by-room basis to 14 University Students with utilities included. Current gross income totals over $5300/ month. Continue to rent to students based on the close proximity to MS&T or live in one unit and rent the others. This property also falls within the Rolla Arts and Entertainment Overlay District which allows for a variety of business types including: Cafes/Restaurants, Dance/Yoga Studios, Antique Stores, Art Galleries, Coffee Shops, Jewelry Stores, Barber/Beauty Shops, Book Stores and many more (see attached map and information).

Additional Information

Elementary School
Mark Twain Elem.
Jr. High School
Rolla Middle
Sr. High School
Rolla Sr. High
Construction
Stucco
Parking Description
Space/Unit - 2+, On Street
Lot Dimensions
.15 acres
Cooling
Electric, Window Unit(s)
Sewer
Public Sewer
Heating
Forced Air, None
Water
Public
Heat Source
Electric, Gas
Price Per Sq. Ft
80.15
Taxes Paid
893
Buyer's Agent Commission
3
Selling Terms
Cash Only, Conventional

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Listing courtesy of Acar Real Estate, Inc.

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