Turnkey Rental Property – $10,200 Annual Gross Income
315 Matthews Ave, Sikeston, MO 63801

315 Matthews Ave offers investors a stabilized, income-producing rental property in Sikeston, Missouri. This 2-bedroom, 1-bath single-family home features approximately 882 square feet and is currently occupied, generating $850 per month in rental income ($10,200 annual gross income). The property has benefited from numerous capital improvements, including HVAC repairs, sewer line maintenance, interior painting, flooring updates, landscaping, electrical improvements, and various structural repairs. These updates help provide investors with a turnkey rental opportunity and reduced near-term maintenance concerns. This property can be purchased individually or as part of a 5-property Sikeston rental portfolio offered for $499,000. The portfolio currently generates $4,330 per month in gross rental income and offers investors immediate cash flow with future appreciation potential. Whether you're looking for a buy-and-hold rental, a cash-flowing investment, or a portfolio acquisition, 315 Matthews Ave provides stable income and long-term upside in a growing rental market. Current Gross Annual Income: $10,200 Current Monthly Rent: $850 Estimated Market Rent: $850 Occupancy Status: Occupied Property Type: Single Family Residence
Beds
2
Baths
1
Sq Ft
882
Type
single family residence
Parking
N/A
Built In
1922
Lot Size
6,000 sqft
Property Condition
8-Mostly Renovated Condition
Flood Zone
Yes
Renovation Estimate
$50,000
Monthly Tax
$29
Air Conditioning
Yes
Basement
No
Age Restricted
No
Occupancy
OCCUPIED
HOA/COA
No
Lease Amount
$850
Lease Term
1
Ask the contract holder about the property

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Home Price
Down Payment (%)
Loan Amount
-$14,365,000
Interest Rate (%)
Est. Payment
$31
/ month