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818 Wix Lane
Butler MO 64730 US

$2,650,000

Active Listing ID 2639326
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2.00 Bath (2 Full)
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Lot: 0.34 Acres
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Other

$2,650,000

Active Listing ID 2639326
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818 Wix Lane Excellent opportunity to acquire a stabilized 24-unit multifamily portfolio in Butler, Missouri, consisting of 10 duplex buildings, one triplex and one single-family residence. Twenty of the units are located together on Wix Lane, with the remaining four units located just one street over on High Street, creating a highly concentrated portfolio that is convenient to operate and manage. Offered at $2.65 million, the portfolio generated approximately $211, 577 of 2025 NOI, providing an attractive 8 percent cap rate. Current scheduled rents total approximately $260, 220 annually and have already increased materially since the 2025 appraisal which came in at $2, 736, 000, while continued strong tenant demand and a waitlist provide additional opportunity to increase below-market rents as leases renew and units turn over. The portfolio has benefited from substantial recent capital investment, including new siding and gutters on all buildings, extensive interior renovations, approximately 13 new HVAC systems, new water heaters in most units, and complete stud-level renovations of several properties. Four units remain below the same renovation level, providing additional value-add potential. The properties are conveniently located near Butler Municipal Park, the Butler Aquatic Center, Bates County Memorial Hospital, and other local medical services. Financial statements, current rent roll, appraisal, capital-improvement information and additional due-diligence materials are available. Property can be purchased as 36-unit package by combining with 6 duplexes listed under MLS#2634026.

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Property Features

  • Facts
  • Lot Size: 0.34 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Cooling System: Electric
  • Exterior Finish: Private Entrance
  • Roof Type: Composition
  • Heating Fuels: Natural Gas
  • Additional Features
  • Patio

School Information

  • School
  • Butler(Elementary)
  • Butler(MiddleSchool)
  • Butler(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2650000
  • unparsedaddress: 818 Wix Lane
  • postalcity: Butler
  • stateorprovince: MO
  • country: US
  • postalcode: 64730
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.3444
  • lotsizeunits: Acres
  • lotsizearea: 0.3444
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 38.246718
  • longitude: -94.341802
  • listagentfullname: Justin Beebe
  • listagentemail: beebejn55@hotmail.com
  • listagentkey: 3yd-HMLSKS-JNBEEBE
  • listagentmlsid: JNBEEBE
  • listagentpreferredphone: 8167168364
  • listagentofficephone: 8882200988
  • listofficekey: 3yd-HMLSKS-PRKC
  • listofficemlsid: PRKC
  • disclaimer: Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HMLSKS
  • yearbuilt: 1973
  • listingcontractdate: 2026-08-31
  • listagentfax: 8882200989
  • listagenturl: http://www.movewithplatinum.com
  • countyorparish: Bates
  • parcelnumber: 1308027020001010010
  • elementaryschool: Butler
  • highschool: Butler
  • elementaryschooldistrict: Butler
  • middleorjuniorschooldistrict: Butler
  • highschooldistrict: Butler
  • appliances: Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
  • cooling: Electric
  • constructionmaterials: Frame
  • heating: Natural Gas
  • numberofunitstotal: 24
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 48
  • parkingfeatures: Off Street
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Private Entrance
  • rooms: Bathroom 1, Bathroom 2
  • patioandporchfeatures: Deck
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -94.341805, 38.24672
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Platinum Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"beebejn55@hotmail.com", "ListBrokerageCity":"Overland Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"dperkins@movewithplatinum.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/0f851df17dcf11e1ac36123138048d21k-c62490823r.png", "ListBrokerageName":"Platinum Realty", "ListBrokeragePhone":"(913) 227-0798", "ListBrokeragePostalCode":"66210", "ListBrokerageStateOrProvince":"KS", "ListBrokerageUnitNumber":"Suite 170", "ListBrokerageUnparsedAddress":"9393 W 110th St", "ListBrokerageWebsiteUrl":"http://www.movewithplatinum.com", "ListOfficeAddress1":"9393 West 110th St Suite 170 ", "ListOfficeAddress2":"Suite 170", "ListOfficeBrokerMlsId":"PRKC", "ListOfficeCity":"Overland Park", "ListOfficeCountry":"US", "ListOfficeEmail":"shelbyaustin@movewithplatinum.com", "ListOfficePostalCode":"66210", "ListOfficeStateOrProvince":"KS", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Butler, MO", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/818-Wix-Ln_Butler_MO_64730_M88115-16820?f=listhub&s=HMLSKS&m=2639326&c=rexren", "MLSModificationTimestamp":"2026-09-03 23:07:10", "Neighborhoods":[{"Description":null, "Name":"Butler"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":9750, "TaxDescription":"See Legal Description Addendum", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/3/2026 11:47:38 PM GMT
Source Updated Date: 9/5/2026 12:48:41 PM GMT

Courtesy of: Justin Beebe, Platinum Realty LLC, beebejn55@hotmail.com

Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.