617 N Davis Street, Maryville, MO 64468
- $405,000
- List Price
- $405,000
- MLS#
- 2613703
- Status
- ACTIVE
- Type
- Multifamily
- Lot Size
- 9,148
- Acres
- 0.21
Property Description
Remarks & Directions Proven income-producing fourplex with strong occupancy and clear value-add potential. All units are 3 bedroom and currently rent at $950/month, providing immediate cash flow with upside for future rent increases. Owner covers water, trash, lawn care, and snow removal; tenants pay remaining utilities. Recent improvements include new flooring and paint, with one fully renovated unit featuring a new kitchen and appliances—demonstrating the ability to continue updating units and drive rents. 2025 financials reflect a one-time spike in expenses due to restoration and capital improvements, significantly impacting reported NOI. Prior years show substantially stronger performance, and with stabilized expenses, the property supports a much stronger pro forma return. All units are leased through April 2027, providing secure, predictable income and minimizing near-term vacancy risk. Strong rental history, solid tenant base, and opportunity to increase income through continued updates make this an attractive long-term investment or portfolio addition.
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Additional Information
- Year Built
- 2001
- School District
- Maryville
- Roof
- Composition
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Vinyl Siding
- Water
- Public
- Cooling
- Electric
- Heating
- Electric
- Zoning
- R-2M
Mortgage Calculator
Listing courtesy of Julie Tobin of Shirleys Realty.
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