308 E Walnut Street, Belton, MO 64012 (MLS # 2548046)

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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.

DAYS ON MARKET 8 LAST UPDATED 5/10/2025
TRACT Orig Belton YEAR BUILT 0
COMMUNITY 208 - Cass County, Mo COUNTY Cass
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Built-In Electric Oven, Disposal, Electric Oven, Microwave, Refrigerator
AREA 208 - Cass County, Mo
CONSTRUCTION Frame
HEAT Wall Furnace
LOT 0.9 acre(s)
PARKING Off Street, On Street, Paved
SEWER Public Sewer
STORIES 2
SUBDIVISION Orig Belton
TAXES 7972
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
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*Estimate only

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Listed with Platinum Realty LLC
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