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204 S 2nd Street

Linn, MO 65051

– beds
– baths
13,680 sqft
~8 acre lot
$93 per sqft
2017 build
– on site

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Tower View Estates, a Fantastic 55+ Community, turnkey investment opportunity for sale! 18 total units with 100% occupancy, located in the growing community of Linn, MO. The property includes a total of almost 8 acres & has the opportunity for development expansion for another 9-units. All newer buildings, constructed in 2017. Currently, there are 3 Multi-Fam Buildings consisting of 2 buildings w/ 12 private units offering 1 bed + 1 bath and 1 building w/ 6 private units offering 2 beds + 1 bath. Each building offers complete main-level living with private laundry hookups. There are 36 off-street parking spots, every unit has its own heating/air conditioner with independent thermostats. Rent rolls, financials, and site plan expansion examples are available. There is a high need and demand for senior housing in the area and this investment fits the bill! Over $74k in annual net income with room to grow on future rents and development expansion. This is a Rare OpportunitY, ACT FAST!

Listing courtesy of MARIS / ELS Real Estate Group, LLC

Last checked: Checking… • Last updated May 2, 2025 •

MLS# 22036114 —

The Building

Year Built:

2017
Number Of Buildings:

3
Construction Materials:

Frame, Vinyl Siding
Architectural Style:

Low/1-2
Unit Count:

1
Number Of Units Total:

18
Security Features:

Smoke Detector(s)
Basement:

false
Above Grade Finished Area:

13,680 Sqft

Interior

Units Furnished:

None
Fireplace:

false
Living Area Source:

Appraiser
Living Area:

13680
Laundry Features:

In Unit

Financial & Terms

Listing Terms:

Cash, Conventional
Ownership Type:

Private
Possession:

Close Of Escrow

Location

Longitude:

-91.853998
Latitude:

38.485253

The Property

Property Sub Type:

5 Family or More
Property Type:

Residential Income
Parcel Number:

10-40-18-01-014-0008.01
Lot Size Acres:

7.99
Lot Size Area:

7.99
Lot Size Units:

Acres
Lot Size Square Feet:

348,044 Sqft
Lot Size Dimensions:

00x00
Lot Size Source:

Public Records
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2021
Tax Annual Amount:

$12,268

The Listing

Heating & Cooling

Cooling:

Central Air, Electric
Heating:

Forced Air, Electric

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Water Heater

Schools

Elementary School:

Osage Co. Elem.
Middle School:

Linn High
High School:

Linn High
High School District:

Osage Co. R Ii

The Community

Subdivision Name:

Original Town Of Linn
Association Fee Frequency:

None
Pool:

No

Parking

Parking Features:

Assigned
Garage:

false
Carport:

false

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Sale history

Date	Event	Source	Price	% Change
8/16/22 Aug 16, 2022	Sold	MARIS	$1,275,000

Multifamily Sold on 8/16/2022

$1,275,000

Listing provided by broker:

Jacob J Stallmann

ELS Real Estate Group, LLC

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Listing Courtesy of: MARIS and ELS Real Estate Group, LLC.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Information from Third Parties, Deemed Reliable but Not Verified.

204 S 2nd Street

Linn, MO 65051