Investment Opportunity! Looking to add a value-add property to your rental portfolio? This property offers excellent income potential with the opportunity to create a 3-unit apartment building through renovations and updates. The main-level unit features 3 bedrooms and 1 bathroom and is occupied by a long-term tenant of 10+ years, currently renting for $800 per month. The upper-level unit is currently vacant and previously rented for $600 per month, offering immediate upside with minimal effort. The basement provides an exciting opportunity to create a third income-producing unit, allowing you to maximize cash flow and increase your return on investment. With the right vision and improvements, this property has the potential to become a strong-performing asset in your portfolio. Whether you're an experienced investor or looking for your next project, this property offers long-term value and tremendous upside. Don't miss this opportunity to build equity and grow your rental income!
3 Beds
2 Baths
1,982 sq.ft
$0 per sq.ft
Bungalow
$ 98,000
Active
0
26048397
3
2
1,982
City/Capegirardeau Range C
Cape Girardeau 63
Cape Girardeau
Residential
Bungalow
Residential
$664
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1811 Lawanda Drive, Cape Girardeau, MO 63701 | 3/3 | 1,247 | $279,900 | $260,000 92.9% of ask |
Sep 4, 2026 |
| 1528 Balfron Drive, Cape Girardeau, MO 63701 | 0/0 | -- | $115,000 | $109,000 94.8% of ask |
Sep 4, 2026 |
| 2308 Brister Hill Drive, Cape Girardeau, MO 63701 | 6/3 | 1,969 | $625,000 | $620,000 99.2% of ask |
Sep 3, 2026 |
| 636 Whitelaw Avenue, Cape Girardeau, MO 63701 | 2/1 | 1,468 | $163,900 | $160,000 97.6% of ask |
Sep 3, 2026 |
| 2530 Ford Drive, Cape Girardeau, MO 63701 | 3/2 | 1,520 | $241,000 | $230,000 95.4% of ask |
Sep 2, 2026 |
| 1015 Rose Bowl Drive, Cape Girardeau, MO 63701 | 5/5 | 2,566 | $995,500 | $995,500 100% of ask |
Sep 2, 2026 |
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