522 W Brook Street, Neosho, MO 64850

Property Description

Fourplex investment opportunity in Neosho. 522 W Brook Street is a single-story, four-unit building on a 0.21-acre corner lot inside Newton County city limits, with 2,208 total square feet and a unit mix of one studio, two 2-bedroom/1-bath units, and one 3-bedroom/1-bath unit. All four units are currently tenant occupied. Current rents total $2,700 per month. Potential gross scheduled rent is $2,950 per month, so there is room to bring rents up as leases turn. Three of the four units are currently below potential. Central natural gas heat and central cooling. City water, city sewer, electric through Liberty. Composition roof. Annual taxes $1,074. Financing per MLS is cash or conventional. Corner-lot location just off S Neosho Boulevard, close to Neosho schools, shopping and services, with Highway 49 and Highway 60 providing access toward Joplin, Northwest Arkansas and the broader Southwest Missouri employment corridor. Property is tenant occupied; showings by appointment only, with advance notice required and no access to the studio unit at this time. Buyers should verify unit measurements, lease terms, rent roll, and all income and expense figures independently during due diligence.