508 Franklin StKirksville, MO 63501

For Sale
$439,000

Five-unit apartment building, Kirksville, MO

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a five-unit apartment building located at 508/510 South Franklin Street in Kirksville, Missouri, zip code 63501. The property, built in 1930, is a two-story structure and offers a compelling return for investors. The building comprises five units, with units A, B, C, and 508 having undergone complete renovations in recent years. Currently, Unit A is owner-occupied, presenting a unique opportunity for immediate income generation. Unit D, once renovated, will further enhance the property's rental income potential. The property's advantageous location places it in close proximity to Truman State and A.T. Still Universities, ensuring a consistent demand for rental units. A sizable basement offers versatile space, ideal for storage or a workshop. A virtual tour is available for a comprehensive view of this property. The asking price for this multifamily investment is $439,000. The square footage of the building is not specified.

Highlights

  • Five-unit multifamily investment property at 508/510 South Franklin Street, Kirksville, MO 63501.
  • Built in 1930, this two-story building offers a strong return on investment.
  • Four of the five units are renovated, with one currently owner-occupied.
  • Excellent location near Truman State and A.T. Still Universities ensures high rental demand.
  • Large basement provides ample storage or workshop space.
  • Asking price: $439,000.

Property Details for 508 Franklin St

Property type
Multifamily properties, Apartment buildings
Square Feet
1 SF
Year Built
1930
Stories
2
Units
5

Location Insight

City
Kirksville
County
Adair
State
Missouri
Latitude
40.1909705
Longitude
-92.5835647
508 Franklin St, Kirksville, Missouri

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508 Franklin St
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