$265,000

608 N Central Ave Monett, MO 65708

Monett Area

Estimated payment $1,497/month

Total Views 2,627
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Rebekah Jones

Epique Realty License #2020010137 Listed on: 06/30/2026

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$443

Year Built

Built in 1900

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex/Triplex/Fourplex
  • Lot Size Acres: 0.2
  • Water Body Name: None
  • Subdivision Name: Barry-Not in List
  • Garage Yn: No
  • Year Built: 1900
  • Special Features: None

Exterior Features

  • Waterfront: No
  • General Property Description:WaterfrontView: None
  • General Property Description:View: No

Utilities

  • Heating: Other - See Remarks
  • Sewer: City Sewer
  • Water Source: City Water
  • Heating:Other - See Remarks3: Yes

Schools

  • Middle Or Junior School: Monett

Lot Info

  • Zoning: Multi-Family
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 03-9.0-31-002-020-0010.000

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 442.97

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Monett
  • High School: Monett

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Southern Missouri Regional MLS

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
Source: Public Records

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: Public Records

Source: Southern Missouri Regional MLS

MLS Number: 60327703

Southern Missouri Regional MLS

APN: 03-9.0-31-002-020-0010.000

Your Personal Tour Guide

Ask me questions while you tour the home.