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Listed by Kirk Kirkland Cocanougher Keller Williams Local
$ 1,300,000
Est. payment /mo
Active
1 South Street Kimberling City, MO 65686
0.48 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Subdivision Kimberling Hills
MLS Listing ID SOM60336158
HOA Fees $7,428
Year Built 2005
Annual Tax Amount $6,827
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Residential Income
Property Description
RARE 8-UNIT INVESTMENT OPPORTUNITY JUST STEPS FROM TABLE ROCK LAKE!Welcome to 1 South Street in Kimberling City--an exceptional income-producing property offering eight updated rental units, established long-term tenants, an outstanding lake-area location and commercial zoning with future flexibility.The property features eight total units: six units together plus a separate duplex. Each unit offers 2 bedrooms, 1.5 bathrooms and approximately 1,100 square feet, providing spacious, desirable floor plans. With approximately 8,800 square feet of rentable living space and 16 total bedrooms, this property offers impressive scale in a prime Table Rock Lake location.The property was extensively remodeled and updated approximately three years ago, allowing a new owner to acquire an established investment without the immediate major renovation needs often associated with multifamily properties. The roof is also less than 10 years old.LOCATION IS THE DIFFERENCE. Public access to Table Rock Lake is less than a two-minute walk away, putting residents and future guests just steps from one of the Ozarks' premier recreational destinations. Restaurants, shopping and services in Kimberling City are nearby, while Branson and surrounding Table Rock Lake attractions are within easy reach.Currently operated as successful long-term rentals, the property provides established income and attractive potential at the current asking price. Commercial zoning may also provide opportunities for nightly/short-term rentals or other permitted uses. Buyers should independently verify licensing and permitted-use requirements with the City of Kimberling City.Continue the existing rental operation, explore short-term rentals, combine rental strategies or evaluate other permitted uses.Eight units. Updated. Established rentals. Commercial zoning. Table Rock Lake just steps away. Offered at $1,295,000.
Location
State MO
County Stone
Zoning NA
Interior
Interior Features Carpet, Washer/Dryer Hookup
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Range, Disposal, Dishwasher, Refrigerator, Microwave
Exterior
Garage Spaces 8.0
Waterfront Description None
Garage No
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Reeds Spring
Middle Schools Reeds Spring
High Schools Reeds Spring
