Lovely starter home OR Income-Producing Investment Opportunity with Expansion Upside!
This turn-key property is perfectly positioned in one of Washington’s most walkable, high-demand tourism corridors. Set on TWO buildable lots totaling approximately 1/3 acre, this charming Midwest farmhouse delivers immediate income potential with exceptional long-term upside. Zoned C-1 Residential/Commercial, the flexibility here is hard to match.
Currently ideal for short-term rental (Airbnb) or long-term leasing, pro-forma projections support strong performance across multiple investment strategies. Estimated STR nightly rates of $190–$260 with conservative occupancy project gross annual revenue of $41,600–$56,900+, with estimated net income of $27,000–$39,000 annually after expenses. Long-term rental projections range from $1,900–$2,400 per month, making this a solid option for buy-and-hold investors, corporate rentals, or traveling professionals.
The home’s layout was thoughtfully designed for rental efficiency, featuring multiple private entrances, a walkout lower level with full bath, laundry, egress, and separate access, a main-floor bedroom plus den (easy second bedroom conversion), and a loft bedroom to increase occupancy potential. Durable, low-maintenance updates include vinyl siding, metal roof, vinyl thermopane windows, and a newer composite deck.
What truly sets this property apart is the vacant, buildable second lot, offering a rare opportunity for forced appreciation. Expand your portfolio with an additional STR unit, guest cottage, studio, office space, or luxury tiny home—transforming this into a compound income property rather than a single-door investment.
The location drives demand. Enjoy walkable access to the riverfront and boat ramp, parks, pool, pickleball courts, sports fields, Lions Lake, fairgrounds, Amtrak station, downtown dining, shopping, and festivals, all just minutes from Missouri Wine Country.
Passed occupancy inspections, move-in ready, and located in a proven STR/LTR demand corridor.
At this price point, opportunities offering income, zoning flexibility, development potential, and exceptional walkability are rare—don’t miss this one.