$1,250,000

For Sale

2 months ago

300 Oak St, Freeman, MO

Name: 300 Oak St, For Sale in Freeman - eXp Realty
Brand: Platinum Realty LLC
SKU: 2634026
Price: 1250000 USD

House

MLS® 2634026

0 Bed

0 Bath

30 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes $14,823

Days Active 69

Lot Size 118918.8 SF

Approx. Age 1960

MLS® Number 2634026

Property Address: 300 Oak St, Freeman, MO, 64746-7100

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a fully renovated, stabilized multifamily property consisting of six duplex buildings and 12 two-bedroom units at 300–311 Oak Street in Freeman, Missouri. Situated on approximately 2.74 acres, the property offers a cohesive, low-density rental community with substantial open green space and ample off-street parking. The property underwent a comprehensive renovation in 2023 and 2024, significantly reducing near-term capital needs. Improvements included roofs and gutters, windows, HVAC systems, electrical panels, flooring, cabinetry, appliances, lighting and plumbing fixtures, interior doors, and interior and exterior paint. Additional work included attic and exterior-wall insulation, renovated bathrooms with tile surrounds and reglazed tubs, sump pumps and waterproof barriers in crawlspaces, water heater replacements as needed, and improvements to the gravel parking area. The portfolio generates more than $150, 000 in annual scheduled rent, with monthly rents ranging from approximately $995 to $1, 100 per unit. The property is approximately 95% occupied, and tenants pay their own utilities. Lease expirations are staggered through 2026 and 2027, providing predictable near-term income and limiting rollover concentration. Each single-story unit includes two bedrooms, one bathroom, a living area, eat-in kitchen, individual HVAC and water heating, washer and dryer hookups, and direct exterior access. The property provides approximately two parking spaces per unit, with additional parking available. A 2025 appraisal concluded a value of $1.45 million and estimated market rent of approximately $1, 100 per unit, indicating potential rental growth as existing leases mature. This offering provides an opportunity to acquire a renovated, income-producing multifamily asset with strong occupancy, tenant-paid utilities, limited immediate capital requirements, and continued revenue upside.

MLS® Number2634026

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1960

Basement

DrivewayAssigned, Off Street

Garage Spaces

HeatOther

A/COther

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 29, 2026List Date

$1,250,000List Price

Commute

Commute

Starting Address

Destination Address

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