700 W 40 Highway
Sweet Springs, MO, 65351 $ 439,000
Baths0.0 Monthly Estimate*
$ 2,703
Studio for $439,000. This home was built in 1960 on a lot size of 2.5.
Offering a strong investment opportunity in a high-visibility location just off I-70, this fully renovated multifamily property in Sweet Springs, Missouri delivers immediate cash flow with long-term upside. Situated on approximately 2.5 acres, the property includes a fourplex and a 40x70 warehouse, both fully occupied with a combined monthly income of approximately $5,390. The fourplex consists of four 2-bedroom, 1-bath units that were completely renovated in 2022. Updates include new flooring, cabinetry, appliances, plumbing, electrical, and interior finishes, along with in-unit washer and dryer setups. Major mechanical components have also been addressed, including a newer roof, HVAC systems, and water heaters, all approximately 2 years old. A new septic system was installed in Fall 2024, providing added peace of mind for future ownership . All units are currently occupied, with written leases in place and tenants paying consistently. Unit 4 is currently on a month-to-month lease, providing flexibility for a new owner if desired . Security deposits are held and will transfer at closing. The warehouse adds additional income and versatility, featuring a full concrete floor, two overhead doors, dedicated parking, and separate utility service. The warehouse tenant pays electric, while the landlord covers utilities for the residential units . Additional income is generated through leased washer and dryer equipment. Annual real estate taxes are approximately $2,290, and the property has been professionally managed, making for a smooth transition to new ownership.
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FeaturesGeneralSewer Septic Tank
Heating Electric
Cooling Electric
Utilities Cent Water Heater
Roof Composition
Appliances Dryer Refrigerator Washer
Zoning Res
HOA Fee 0
Patio/Porch Features Deck
Construction Materials Frame Metal Siding
Year Built 1960
Property Subtype Quadruplex
Assoc Fee Paid Per None
County Saline MO
Property Type Residential Income
HOA N
Subdivision Name None
Garage Y/N N
Status Active
Directions I-70 to Sweet Springs Exit. South at the exit ramp. Due West on Outer road / Hwy 40 ¼ mile on the south side
City Sweet Springs
High School District Sweet Springs
Number Of Units Total 4
MLS Area 224 - Saline County
Lot Size Units Acres
Lot Size Square Feet 108900
Listing Terms Cash Conventional FHA FmHA USDA Loan VA Loan
Public Remarks Offering a strong investment opportunity in a high-visibility location just off I-70 this fully renovated multifamily property in Sweet Springs Missouri delivers immediate cash flow with long-term up
Standard Status Active
In Flood Plain Unknown
HMS_MaintenanceProvidedYN N
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ExteriorParking Features Other
Water Source Public
Lot Size Area 2.5
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InteriorTotal Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Unit Type 4 Bedroom Or More
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,703
- Monthly Property Taxes
- $251
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Sweet Springs, MO
Average List Price $585,000
Percent of Sale Price 33%
About Sweet Springs, MO 1,456 Population
-9% Since 2002
$ 39,110 Median Income
42.46 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
2827930 Elementary School
2768270 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/4/2026 | $439,000 | | Listed Price |