Listing provided courtesy of EXP Realty, LLCMLS# 26031698MLS Provider
  • 40 days on site
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This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below). Featuring two massive 6-bedroom 2-bath units and two spacious 2-bedroom 1-bath units. Enjoy fantastic cash flow with an estimated gross monthly income of $6,600 ($2,100 month for the 6-bed units; $1,200 month for the 2-bed units). Updated kitchens and baths. Newer windows, fresh paint and refinished floors. All occupancy permits have been passed , add the kitchen appliances, and this high-yield multiplex is rental-ready. At an asking price of $450,000, this property represents an exceptionally strong financial opportunity with a projected Capitalization Rate (Cap Rate) of 13.55%!!! Gross Annual Income: $79,200 -5% Vacancy Allowance: $3,960 Effective Gross Income (EGI): $75,240 Estimated Operating Expenses $784 Taxes Estimated Property Insurance $2,500 Maintenance & Reserves (5% of Gross) $3,960 Property Management (8% of Gross) $6,019 Admin/Misc Exp $1,000 Total Estimated Operating Expenses = $14,263 $75,240 - $14,263 = $60,977 (Net Operating Income)

Source: Missouri - MARIS MLS, MLS#: 26031698

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  • Property Type
    Residential Income
  • Lot
    0.14 acres

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Melanie Jacobs McGraw

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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Life at 4042 Nebraska Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/24/2026Source: Missouri - MARIS MLS Status Change
Active
6/24/2026Source: Missouri - MARIS MLS Status Change
Closed
6/17/2026Source: Missouri - MARIS MLS Price Reduction
$450,000 -5.3%
5/29/2026Source: Missouri - MARIS MLS Status Change
Active
5/20/2026Source: Missouri - MARIS MLS Added to Database
May 20, 2026
4/29/2025Source: Missouri - MARIS MLS Added to Database
April 29, 2025