301 W Mount Vernon
301 W Mount Vernon, Mt Vernon, MO 65712
$900,000
Bedrooms
N/A
Bathrooms
N/A
Sq Ft
N/A
Acreage
2.91
Year Built
1945
Garage
N/A
Type
Multi Family
Schools
Mt Vernon
Description
Located at 301 Mount Vernon, this fully renovated multi-family investment opportunity offers immediate income with excellent long-term upside. The property consists of 9 apartment units, including eight 1-bedroom units and one 2-bedroom unit, with 8 of the 9 units currently leased, generating $6,850 in monthly rental income. Every unit has been extensively updated with new flooring, fresh paint, and updated appliances, providing a turnkey asset with reduced maintenance and strong tenant appeal. Situated on 2.91 acres, the property offers additional land for potential future expansion, creating an opportunity for increased income potential. Buyers should note that the front portion of the property lies within a floodplain, and any future development plans should be verified through the purchaser's own due diligence. Additional amenities include a central coin-operated laundry facility, paved parking, and a convenient location with easy access to local employers, schools, and amenities. Whether you're looking to add a stabilized asset to your portfolio or capitalize on future expansion opportunities, this well-maintained apartment complex presents a compelling investment with immediate cash flow and value-add potential.
Schools
Elementary
Mt Vernon
Middle
Mt Vernon
High
Mt Vernon
Location
Listing courtesy of Adam Graddy, Keller Williams.
Listing information is provided by the Southern Missouri Regional MLS (SOMO) via MLS Grid and is deemed reliable but not guaranteed. Data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Southern Missouri Regional MLS. All rights reserved. Data last updated Sep 8, 2026, 12:22 AM.
