508 Franklin St Kirksville, MO 63501
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.