128 - 148 Park Lane, St Joseph, MO 64506

Don’t miss this incredible investment opportunity! This 32-unit multifamily property consists of six buildings, with 16 studio apartments (two 8-unit buildings) and 16 one-bedroom, one-bath apartments (four buildings). The property is currently undergoing a complete renovation and has been taken down to the studs, allowing for modern upgrades and a fresh start for future tenants. Major renovation work already completed includes new plumbing and wiring in most units, brand-new TPO roofing on all buildings, and new windows installed in select units. Each unit features its own electric meter, ensuring tenants cover their own electricity costs. The owner covers water for the studio units, while the one-bedroom units have separate water meters. This is a rare chance to acquire a partially completed project in a prime location, with significant capital improvements already in place. Finish the renovations to your vision and unlock the full potential of this income-generating property!