608 N Central Ave Monett, MO 65708
Monett AreaEstimated payment $1,497/month
About This Home
Cash-flowing investment opportunity with immediate income and value-add potential! This multi-unit property offers investors the opportunity to acquire an asset with existing rental income and significant upside through the renovation of a third unit. The property consists of three separate residential units: • Unit 1: A detached 580 sq. ft. one-bedroom, one-bath cottage with a screened porch, currently leased at $725/month. • Unit 2: A 450 sq. ft. studio apartment, currently leased at $725/month. • Unit 3: A 971 sq. ft. two-bedroom apartment with central heat and air. The unit is currently vacant and requires a complete interior renovation but offers an estimated market rent of approximately $850/month once completed. Current gross rental income is $1,450/month, with a projected gross monthly income of approximately $2,300/month after renovation and lease-up of the third unit. Existing tenants have expressed a desire to remain, providing stable occupancy and immediate cash flow for the next owner. Additional improvements include an oversized attached one-car garage, a workshop/outbuilding, and a well-maintained exterior requiring minimal immediate attention. The property's strong curb appeal and established rental history make it an attractive long-term hold or portfolio addition. Whether you're looking to increase cash flow through light redevelopment, add doors to your portfolio, or capitalize on a partially stabilized asset with upside, this property presents an excellent investment opportunity. Please do not disturb tenants. Units 1 and 2 are tenant occupied. A minimum 24-hour notice is required for all showings.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $443
Year Built
- Built in 1900
Lot Details
- 8,712 Sq Ft Lot
Home Design
- Duplex
Schools
- Monett Elementary School
- Monett High School
Community Details
- 3 Units
- Barry Not In List Subdivision
Listing and Financial Details
- Assessor Parcel Number 03-9.0-31-002-020-0010.000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $483 | $10,678 | $1,026 | $9,652 |
| 2024 | $4 | $9,804 | $1,026 | $8,778 |
| 2023 | $443 | $9,804 | $1,026 | $8,778 |
| 2022 | $432 | $9,576 | $798 | $8,778 |
| 2020 | $445 | $9,576 | $798 | $8,778 |
| 2018 | $416 | $9,576 | $798 | $8,778 |
| 2017 | $416 | $12,635 | $1,064 | $11,571 |
| 2016 | $502 | $11,400 | $912 | $10,488 |
| 2015 | -- | $11,400 | $912 | $10,488 |
| 2014 | -- | $11,400 | $912 | $10,488 |
| 2012 | -- | $0 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2026 06/30/26 | For Sale | $265,000 | +165.0% | -- | |
| 05/23/2023 05/23/23 | Sold | -- | -- | -- | View Prior Sale |
| 04/11/2023 04/11/23 | Pending | -- | -- | -- | |
| 02/03/2023 02/03/23 | For Sale | $100,000 | -- | $70 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Preferred Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $48,600 | Credit Line Revolving | |
| Previous Owner | $140,613 | Credit Line Revolving | |
| Previous Owner | $20,193 | Credit Line Revolving |
Source: Southern Missouri Regional MLS
MLS Number: 60327703
APN: 03-9.0-31-002-020-0010.000
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