Rare opportunity to acquire a fully renovated, stabilized multifamily property consisting of six duplex buildings and 12 two-bedroom units at 300–311 Oak Street in Freeman, Missouri. Situated on approximately 2.74 acres, the property offers a cohesive, low-density rental community with substantial open green space and ample off-street parking. The property underwent a comprehensive renovation in 2023 and 2024, significantly reducing near-term capital needs. Improvements included roofs and gutters, windows, HVAC systems, electrical panels, flooring, cabinetry, appliances, lighting and plumbing fixtures, interior doors, and interior and exterior paint. Additional work included attic and exterior-wall insulation, renovated bathrooms with tile surrounds and reglazed tubs, sump pumps and waterproof barriers in crawlspaces, water heater replacements as needed, and improvements to the gravel parking area. The portfolio generates more than $150, 000 in annual scheduled rent, with monthly rents ranging from approximately $995 to $1, 100 per unit. The property is approximately 95% occupied, and tenants pay their own utilities. Lease expirations are staggered through 2026 and 2027, providing predictable near-term income and limiting rollover concentration. Each single-story unit includes two bedrooms, one bathroom, a living area, eat-in kitchen, individual HVAC and water heating, washer and dryer hookups, and direct exterior access. The property provides approximately two parking spaces per unit, with additional parking available. A 2025 appraisal concluded a value of $1.45 million and estimated market rent of approximately $1, 100 per unit, indicating potential rental growth as existing leases mature. This offering provides an opportunity to acquire a renovated, income-producing multifamily asset with strong occupancy, tenant-paid utilities, limited immediate capital requirements, and continued revenue upside.
- Heating System:
- Other
- Cooling System:
- Other
- Patio:
- Porch
- Parking:
- Assigned, Off Street
- Utilities:
- Ind Heat And Air, Separate Meters
- Laundry Features:
- Inside
- Sewer:
- Public Sewer
- Appliances:
- Microwave, Refrigerator, Electric Range
- Zipcode:
- 64746
- Street:
- Oak
- Street Number:
- 300
- Street Suffix:
- Street
- Longitude:
- W95° 29' 45.8''
- Latitude:
- N38° 36' 54.2''
- Zoning:
- Res
- Directions:
- From 2 HWY go South on State Highway O and then East on Water Street.
- Mls Area Major:
- 208 - Cass County, Mo
- Elementary School:
- Midway
- High School:
- Midway
- High School District:
- Mid Buchanan
- Middle School:
- Midway
- Office Name:
- Platinum Realty LLC
- Agent Name:
- Justin Beebe
- Tax Annual Amount:
- $0
- Association Fee:
- $0
- Stories Total:
- 1
- Water Source:
- Public
- Construction Materials:
- Frame
- Number Of Units Total:
- 12
- Association Fee Frequency:
- None
- List Agent Mls Id:
- JNBEEBE
- List Office Mls Id:
- PRKC
- Listing Term:
- Cash, Conventional
- Mls Status:
- Active
- Modification Timestamp:
- 2026-08-27T19:29:11Z
- Originating System Name:
- HMLS
Community: Other, Residential Income For Sale
300 Oak Street, Freeman, Missouri 64747
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 2634026
- Price :
- $1,290,000
- Year Built :
- 1960
- Status :
- Active
- Property Sub Type :
- Other






























