818 Wix LN Butler, MO 64730
0.34 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Active
Purchase Type For Sale
Subdivision Butler
MLS Listing ID 2639326
Year Built 1973
Annual Tax Amount $9,750
Lot Size 0.344 Acres
Acres 0.3443526
Property Sub-Type Package of Properties
Source hmls
Property Description
Offered at $2.65 million, the portfolio generated approximately $211,577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260,220 annually and have already increased materially since the 2025 appraisal which came in at $2,736,000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over.
The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential.
The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services.
Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026.
Location
State MO
County Bates
Zoning RES
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Laundry Inside, Utility Room
Exterior
Exterior Feature Private Entrance
Parking Features false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Butler
Middle Schools Butler
High Schools Butler
School District Butler
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS
