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Brian Stone

brian@stonerealty.org +1(417) 234-5579

$ 1,300,000

Est. payment -/mo

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1 South ST Kimberling City, MO 65686

2 Baths

0.48 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Kimberling Hills

MLS Listing ID SOM60336158

Year Built 2005

Annual Tax Amount $6,827

Tax Year 2025

Lot Size 0.480 Acres

Acres 0.48

Property Sub-Type Multi Family

Source somo

Property Description

RARE 8-UNIT INVESTMENT OPPORTUNITY JUST STEPS FROM TABLE ROCK LAKE!Welcome to 1 South Street in Kimberling City--an exceptional income-producing property offering eight updated rental units, established long-term tenants, an outstanding lake-area location and commercial zoning with future flexibility.The property features eight total units: six units together plus a separate duplex. Each unit offers 2 bedrooms, 1.5 bathrooms and approximately 1,100 square feet, providing spacious, desirable floor plans. With approximately 8,800 square feet of rentable living space and 16 total bedrooms, this property offers impressive scale in a prime Table Rock Lake location.The property was extensively remodeled and updated approximately three years ago, allowing a new owner to acquire an established investment without the immediate major renovation needs often associated with multifamily properties. The roof is also less than 10 years old.LOCATION IS THE DIFFERENCE. Public access to Table Rock Lake is less than a two-minute walk away, putting residents and future guests just steps from one of the Ozarks' premier recreational destinations. Restaurants, shopping and services in Kimberling City are nearby, while Branson and surrounding Table Rock Lake attractions are within easy reach.Currently operated as successful long-term rentals, the property provides established income and attractive potential at the current asking price. Commercial zoning may also provide opportunities for nightly/short-term rentals or other permitted uses. Buyers should independently verify licensing and permitted-use requirements with the City of Kimberling City.Continue the existing rental operation, explore short-term rentals, combine rental strategies or evaluate other permitted uses.Eight units. Updated. Established rentals. Commercial zoning. Table Rock Lake just steps away. Offered at $1,295,000.

Location

State MO

County Stone

Zoning NA

Direction From MO-13, turn east onto James River Rd., continue into Kimberling City, then turn onto South St. Arrive at 1 South St. on the right.

Interior

Interior Features Carpet, Washer/Dryer Hookup

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Range, Disposal, Dishwasher, Refrigerator, Microwave

Heat Source Forced Air

Exterior

Garage Spaces 8.0

Waterfront Description None

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Reeds Spring

Middle Schools Reeds Spring

High Schools Reeds Spring

Listed by Kirk Kirkland Cocanougher Keller Williams Local

Brian Stone

Realtor/Broker-Salesperson License ID: 2017013523

+1(417) 234-5579

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Brian Stone

1 South ST Kimberling City, MO 65686

Key Details

Location

Interior

Exterior

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Schools

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1 South ST