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308 E Walnut Street, Belton, MO 64012

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For Sale

$1,425,000

0.9 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.9 acres
    Lot size

Explore this Property

Exceptional investment opportunity in the Gateway Corridor of Belton s Old Town Redevelopment Incentive District. This updated mixed-use property, located on a half city block, offers a diverse income stream and impressive cash flow. This property not only benefits from reliable income and low maintenance thanks to recent renovations, but it also located within a redevelopment district which may offer tax incentives or development benefits to future owners. Interior photos are listing photos used prior to current residents taking possession. The residential portion of the property features a total of 15 rental units, including an eight-unit apartment building comprised of five one-bedroom, one-bath units and three two-bedroom, one-bath units. Additionally, the property includes two one-bedroom, one-bath duplexes, a two-bedroom, one-bath duplex, and a standalone two-bedroom, one-bath single-family home offering a versatile mix of layouts to attract a wide range of tenants. Complementing the residential units is a well-established commercial auto repair shop with a large, fenced parking lot, creating an ideal space for a small business or continued commercial use. Since 2022, nearly every structure on the property has been extensively renovated. Improvements include new siding, roofs, gutters, HVAC systems, water heaters, exterior doors, and a new asphalt parking lot. All but one of the rental units have been updated with new kitchen cabinets, countertops, and appliances, along with modernized bathrooms featuring tile showers, new vanities, updated lighting and plumbing fixtures, fresh flooring, and paint throughout. This is a rare chance to acquire a stabilized asset with strong financials within a rapidly changing commercial corridor.
MLS# 2548046

Courtesy Of Platinum Realty

(888) 220-0988

Property Features

  • Amenities
    Security System, Security System
  • Appliances
    Garbage Disposer, Microwave, Refrigerator
  • Architecture Style
    Other
  • Lot Size
    0.9 Acres

Map and Directions

Directions to 308 E Walnut Street, Belton, MO 64012

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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