Turnkey Multifamily Investment
310 E Franklin Street Clinton, MO 64507
310 E Franklin Street, Clinton, MO, 64507
$475,000
For Sale
$475,000
MULTI_FAMILY - Clinton, MO
Lot Size0.38 Acres
Days on Market125
Property Features for 310 E Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-3
- Rooms
- Basement
- Parking
- 8
- Parking features
- Assigned, Off Street
- Standard status
- Active
- APN
- 18-1.0-02-003-021-003.000
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Description
- DAVIS ADDITION--LT. 33 EXC E 25'
- Tax Annual Amount
- 3047
Utilities
- Sewer type
- Private Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 6
- Building materials
- Brick, Vinyl Siding
- Roof type
- Composition
Listing agency
KW KANSAS CITY METRO
(913) 825-7500
Listed by
Serena Bales · License #1744671
(913) 912-9350
Added: Mar 19 Updated: Jul 9 at 2:06AM Checked: Jul 21 at 3:06PM
MLS# 2608181
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Investment Insights
Based on property information with market context.
This is a six-unit multifamily property located in Clinton, MO. It currently generates $4,375 per month. There is potential to increase income to $5,075 per month by completing a partially finished seventh unit in the basement. The basement unit is already framed and includes new plumbing, electrical, and an egress window. The estimated cost to complete the basement unit is $20,000. The unit mix includes four 2-bedroom and two 1-bedroom units. Tenants are responsible for paying electric and gas. Each unit features its own furnace and rooftop AC. Onsite laundry is available with two washers and three dryers. The property has a TPO roof that is approximately two years old and updated plumbing in the lower level. An additional commercial lot is included, offering the potential to build 4-6 more units for future expansion. The property is conveniently located minutes from Golden Valley Memorial Healthcare and has quick access to Highway 7 and Highway 13. It is near local employers, shopping, and downtown Clinton. The property is zoned R-3 and sits on a lot of 0.382 acres.
Key Highlights
- 6‑unit multifamily property built in 1965 with 4 two‑bedroom units and 2 one‑bedroom units
- Current rent is $4,375/month with pro forma potential of $5,075/month after completion of a partially finished 7th basement unit
- Basement level has a framed 7th unit with new plumbing, electrical, and an egress window (estimated ~$20K to complete)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit property in Clinton, MO with expansion potential.
Where is this apartment building located?
The property is located at 310 E Franklin Street Clinton, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1965 with 4 two‑bedroom units and 2 one‑bedroom units; Current rent is $4,375/month with pro forma potential of $5,075/month after completion of a partially finished 7th basement unit; Basement level has a framed 7th unit with new plumbing, electrical, and an egress window (estimated ~$20K to complete)
