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Property profile & analytics
OFF-MARKET
Apartment buildings

508 Franklin St Kirksville, MO 63501

1 SF Built 1930
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1930
Total area 1 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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