608 North Central Avenue, Monett, MO 65708 (MLS# 60327703)

608 North Central Avenue, Monett, MO 65708

New Listing

$265,000

Property Type: MultiFamily Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $265,000 List Date: 6/30/2026 Last Modified: 6/30/2026

Overview

Description

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 immed ... (Read more)

Listing Details MLS# 60327703

Contract Information

Property Sub-Type: Duplex/Triplex/Fourplex
Begin Date: 2026-06-30
Transaction Type: Sale
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell
Sign on Property: Yes

Location Tax and Other Information

Street #: 608
Street Direction: North
Street Name/Route: Central
Suffix: Avenue
County: Barry
State/Province: MO
Zip Code: 65708
Subdivision: Barry-Not in List
Parcel ID: 03-9.0-31-002-020-0010.000
Real Estate Tax: 442.97
Tax Year: 2024
Legal Description: OAKLAND TO MONETT: S 1/2 LOT 4 & ALL LOT 5, BLOCK 1 (SPLIT: 1900 1SFR 1421 SQ. FT. HOME & LOTS) : SEC:31 TWN:26 RNG:27
Zoning: Multi-Family

General Property Description

SqFt-Aprx: 2001
SqFt Finsh'd & Unfnsh'd: 2000 - 2199
Aprx Year Built: 1900
Total Monthly Rent: 1450
Number of Units: 3
# Efficiency Units: Yes
# One Bedroom Units: Yes
# Two Bedroom Units: Yes
Aprx Lot Size (Acres): 0.2
Lot Dimensions: Acres
Elementary School: Monett
Middle School: Monett
High School: Monett
Waterfront/View: None
Lake/River: None
View: No

Remarks Misc

Directions: Headed South on Central Ave in Monett. Home is on the right.

Listing Info

Owner Agent: No

More Information

Location, Tax and Other Information

Inside City Limits: Yes
RE Tax Provided By: Assessor Records

How to Show

Showing Service: Yes

Cooling

Other - See Remarks: Yes

Heating

Other - See Remarks: Yes

Water

City Water: Yes

Sewer

City Sewer: Yes

Property Features

How to Show: Showing Service Cooling: Other - See Remarks Heating: Other - See Remarks Water: City Water Sewer: City Sewer

Listing Office: Epique Realty

Last Updated: June - 30 - 2026

Data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than the website owner are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is not guaranteed and should be verified by the consumer and is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers wish to purchase. Any representation that a web site contains all listings shall only mean that the web site contain all listing available to the public through the IDX data feed and other available properties may not be displayed on this site. © 2023 Southern Missouri Regional MLS, LLC All rights reserved.