508 Franklin St Kirksville, MO 63501
- Apartment buildings
- 1 SF
Current Use by Public Records
- Apartment buildings
Property Details for 508 Franklin St
- Year built
- 1930
- Property size
- 1 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kirksville
- County
- Adair
- State
- Missouri
- Longitude
- -92.5836
- Latitude
- 40.191
