12 Beds 10 Baths Apartment

Historic 7-Unit Investment Property - $270,000

2703 M St, Belleville, KS 66935

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Price: $270,000
Monthly Payment Est: $1,768
Price per Sq Ft: $40

Property Details

• Building Size: 6,708 sq ft
• Total Units: 7 apartments
• Lot Size: Just under 1 acre
• Year Built: 1946
• Property Type: Multi-family investment

Unit Breakdown

• 3 apartments: 2+ bedrooms, 1.5 bathrooms
• 3 apartments: 1+ bedroom
• 1 studio apartment

Investment Highlights

Strong Cash Flow Potential This brick building delivers steady rental income in a solid market. Four units already have fresh renovations. All leases run month-to-month with rents below current market rates, giving you room to increase income.

Unique Property History This building started life as a hospital, which explains the unusually large apartment layouts. Tenants love the spacious rooms you won't find in typical rental properties.

Parking and Storage Six covered carports plus plenty of street parking. The oversized lot has space to add storage units for extra income.

Room to Grow The basement offers space for 1-2 more apartments. A utility elevator makes moving easy for tenants.

Current Operations

• Most units have separate electric meters (studio shares)
• HVAC costs included in rent
• Coin laundry on-site
• On-site manager/handyman available

Investment Opportunity

This property needs work to reach its full potential, but the bones are solid. The rental market in Belleville stays strong, and you're buying at $40 per square foot in a market where similar properties trade higher.

The seller has connections to other investment properties and storage unit opportunities for serious investors.

Contact Information Property Owner: (402) 309-4088
For Sale by Owner - No agent commissions

Listing Status 12 days on market

Better photos and video coming soon