406 S Mulberry St, Maryville, MO 64468

Description

Two Homes on One Lot – Great Income or Live-In Opportunity! This unique property offers two homes on one lot with combined current income of $2,300/month, making it a great option for an investor or an owner-occupant looking for rental income to help offset the mortgage.

The main home offers 4 bedrooms and 1.5 baths and has been updated with new flooring, interior paint, and kitchen cabinets. It also features a newer heated 2-car detached garage/workshop. The main home is currently leased at $1,500/month with the tenant paying utilities. The tenant is expected to vacate at the end of September and may be willing to vacate sooner if a buyer would like to owner occupy.

The second home, 412 W Cooper, is a 1-bedroom, 1-bath home that has been completely refreshed with a new kitchen and bathroom with walk-in shower, plus new flooring and paint. It is currently vacant, but the tenant continues to pay $800/month under the existing lease. The tenant is agreeable to an early lease termination, giving a buyer the option to owner occupy or re-rent.

Both homes have newer siding, windows, and HVAC. This property offers flexibility for an investor, parent looking for college-age housing, or an owner-occupant who wants income from the second residence. Room count and square footage listed are for the main 4-bedroom home.