Properties

Property Description

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.

Features
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
Appliances:
Microwave, Refrigerator, Electric Range
Address Map
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
Neighborhood
Elementary School:
Midway
High School:
Midway
High School District:
Mid Buchanan
Middle School:
Midway
MLS Addon
Office Name:
Platinum Realty LLC
Agent Name:
Justin Beebe
Tax Annual Amount:
$0
Association Fee:
$0
Additional Information
Stories Total:
1
Water Source:
Public
Construction Materials:
Frame
Number Of Units Total:
12
Financial
Association Fee Frequency:
None
Listing Information
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

$1,290,000
Listing ID #2634026
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
2634026
Price :
$1,290,000
Year Built :
1960
Status :
Active
Property Sub Type :
Other
Contact Agent