710 Shannon Ln Kirksville, MO 63501
This exceptional investment opportunity presents a two-unit multifamily property located at 710/712 Shannon Lane, Kirksville, Missouri, 63501. The property, built in 1965, boasts a total of 2,006 square feet situated on an 8,800 square foot lot zoned for single-family dwellings. Each unit offers approximately 1,003 square feet of living space, including a partially finished basement/bonus room, and features two bedrooms and two bathrooms. Currently, both units are leased through June 2025 at a monthly rent of $800 each, providing a strong and consistent rental history. Recent updates include new carpeting and paint throughout, enhancing the property's appeal and minimizing maintenance needs. The property is conveniently located on a quiet, dead-end street within a desirable neighborhood. This Class B property represents a solid investment opportunity with significant potential for future returns. The asking price is $185,000.
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
Similar Nearby for Lease
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.