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    410 Buchanan Kirksville Kirksville, MO 63501

    For Sale
    $62,500

    High-Yield Rental Property, Truman State Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a charming, 1-story, 2-unit multifamily property situated at 410 Buchanan in Kirksville, Missouri, zip code 63501. Built in 1920, this R3 Multifamily zoned property offers a compelling blend of retail and residential uses. Currently generating a stable monthly income of $900, the property boasts separate utility meters for each apartment, ensuring tenants cover all utility expenses. The lease on the property extends until August 2024, providing immediate cash flow for the new owner. The main level retail space features a recently updated kitchen, complete with new cabinets, sink, countertops, and refrigerator. The entire property has been freshly painted, enhancing its appeal and marketability. Located conveniently near Truman State University, this property benefits from a strong rental demand and offers significant potential for future appreciation. The asking price is $62,500, representing a strong return on investment given the current rental income and the property's excellent condition. This is an ideal opportunity for investors seeking a turnkey property with immediate cash flow and long-term growth potential in a desirable location. The property is located in Adair County.

    Property Features for 410 Buchanan Kirksville

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1920
    Stories
    1
    Units
    2

    HighLights

    • Charming 2‑unit multifamily property in Kirksville, MO (63501).
    • R3 zoning allows for retail and residential use.
    • Generating $900/month in rental income with leases extending to August 2024.
    • Separate utility meters for each unit.
    • Recently updated retail space kitchen and fresh paint throughout.
    • Located near Truman State University, offering strong rental demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kirksville
    County
    Adair
    State
    Missouri
    Longitude
    -92.5793838
    Latitude
    40.1978299

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Rental Property, Truman State Proximity
    Where is this multifamily property located?
    The property is located at 410 Buchanan Kirksville Kirksville, MO.
    What is the asking price?
    The asking price for this property is $62,500.
    What are key features of this property?
    This property features: Charming 2-unit multifamily property in Kirksville, MO (63501).; R3 zoning allows for retail and residential use.; Generating $900/month in rental income with leases extending to August 2024.
    Request Owner's contact information
    410 Buchanan Kirksville Kirksville, MO 63501
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    Kirksville, MO 63501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    410 Buchanan Kirksville Kirksville, MO 63501
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