Current Use by Public Records
- Retail properties & Spaces
Property Details for 410 Buchanan Kirksville
- Year built
- 1920
- Property type
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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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
- -92.5794
- Latitude
- 40.1978
