203 Price, 64735, Clinton, MO
203 Price, 64735, Clinton, MO
$900,000
203 N Price Lane — 15-Unit Apartment Complex | Clinton, MO 64735 Investment-Grade Multifamily Opportunity — 12.51% Cap Rate Offered at $900, 000 ($60, 000/unit), 203 N Price Lane is a fully-renovated 15-unit apartment community in Clinton, Missouri, delivering an outstanding 12.51% cap rate on current gross potential income. This all-2BR asset generates $135, 000 in annual gross potential rent against just $22, 365.89 in operating expenses, producing $112, 634 in net operating income — a rare combination of scale, condition, and yield in today's market. Property Highlights: 15 units, all 2-bedroom floor plans, each renting at $750/month Purchased last year with extensive capital improvements already completed 14 of 15 units have been fully renovated — new interior finishes throughout New exterior siding installed on the entire building, significantly reducing near-term capex and boosting curb appeal Strong, simple expense structure: real estate taxes, insurance, and maintenance only Note: Figures reflect 100% occupancy (gross potential rent) with no deduction for vacancy/credit loss, water/trash, or property management fees. Prepared for informational purposes only. Owner/Agent
203 Price, 64735, Clinton, MO