20 Acres in Cassville, MO - $2,750,000

20 Unit Apartment Complex and Spacious Home on Acreage

If you're ready for the natural beauty and relaxed pace of life in the Missouri Ozarks with an opportunity to generate income from your property, then this may be just what you're looking for. Situated on 20 +/- sprawling acres south of Cassville in Barry County you'll find Hartland Apartments. The apartment complex features six duplexes plus an 8-plex, offering a total of twenty 2 bed, 1 bath income-generating units. These units are all-electric and have been meticulously cared for by the sellers. Rental properties are in high demand in the area, and occupancy in these units is consistent at 90% or more, and oftentimes they're full, with a waitlist of interested renters. The owners have made numerous recent improvements, including LED lighting, vinyl siding, new roofs, mini-split high-efficiency HVAC units, and more. Apartments are all on rural water and rural electricity, with fiber in...

Situated a bit further into the property is the owner's home. This spacious home offers 3,750 square feet of living space and offers some wonderful features that make it shine. Three bedrooms and 2.5 bathrooms provide room for the family to spread out and settle in. The kitchen features gorgeous granite counters and bar seating, and the layout and food prep area is perfect for home chefs. Custom oak cabinetry and stainless appliances round out the well-appointed kitchen, which transitions easily to a dining area with massive wood ceiling beams and a built-in bar. A large family room offers lots of space for furniture and game tables and is warmed on cold days by the large wood stove. The nice-sized home office is perfect for telework or entrepreneurial activities, but could easily serve as a sewing or hobby room, study, or a spare bedroom as well. A cedar sauna is the perfect place to unwind from a long day, or perhaps you might prefer the 7-person hot tub. And for those who love outdoor summer living, you'll be enamored by the fantastic patio area with covered dining space, nice landscaping, and a gas firepit, and just beyond that is the 18'x36' in-ground pool. This home serves well as the owner's abode, but it could easily transition to another income-generating option as an Airbnb or could be remodeled into an upscale duplex apartment. The home is being sold fully furnished with linens, dishes, electronics, appliances, and furniture, making it truly turnkey and ready to rent.

If all this isn't enough, the land itself is hard to beat. The acreage is flat near the highway and gently sloping towards the rear. Large open areas north and south of the 8-plex provide plenty of options for adding more apartment units, boat storage, or cabins to serve the thousands of visitors who flock to the area's recreational gems such as Roaring River State Park and Table Rock Lake. Near the home is a stocked pond, and the timber and cover in the back of the property hold plenty of deer and other wildlife.

All in all, this property is a real show-stopper. It offers comfortable living in a nice home coupled with a reliable income stream, all packaged together in an area that still espouses rural values. If you'd like to know more about its income potential or you'd like to schedule an appointment to see it, call Land Agent Scott Sudkamp at (417) 321-5427 today.

Property Features

-Six 2 bed, 1 bath duplex apartments (12 units)

-One 2 bed, 1 bath 8-plex apartment building (8 units)

-All electric units, partly furnished

-Recently remodeled

-90%+ occupancy

-High local demand for rental housing

-Paved frontage on Highway 112

-Spacious 3750 sq. ft. 3 bed, 2 bath home

-3-bay detached garage

-30'x40' shop building

-Large storm shelter