1001 Davis St Kirksville, MO 63501

Property Details for 1001 Davis St

Year built

1983

Lot size

0.72 lot acres

Property size

6,512 SF

Property type

Dormitories

Property subtype

Student housing

Description

This exceptional investment opportunity presents a 6,512 square foot, two-story multifamily property ideally situated in Kirksville, Missouri. Located at 1001 S Davis St, this Class B building boasts 22 bedrooms and multiple living areas, perfect for student housing. Built in 1983 and renovated in 1999, the property sits on a spacious 0.72-acre lot (190' x 165.25') offering ample parking and a large deck. Its prime location is immediately adjacent to the Truman State University campus, ensuring high occupancy rates and strong rental income potential. The property features multiple bathrooms and shower rooms, along with recreational and meeting areas, catering to the needs of student residents. The asking price is $249,900, translating to $38.38 per square foot and $249,900 per unit. This presents a compelling opportunity for investors seeking a high-yield, campus-adjacent property with significant potential for future growth and diverse uses. The property's size and location also make it suitable for various other investment possibilities, including those related to the university or requiring substantial space and convenient parking. This is a rare chance to acquire a well-maintained, established property in a highly desirable location.