105-107 8Th St Hannibal, MO 63401
This charming two-unit apartment building, located in downtown Hannibal, Missouri, presents a compelling investment opportunity. The property, situated at 105-107 N 8th St, boasts a total of 1,800 square feet on a 1,307 square foot lot. Built in 1890, this two-story building features two separate apartments, each with its own entrance. One unit offers two bedrooms and one bathroom, while the other includes two bedrooms, an office, and one bathroom. The property includes six parking spaces, a significant advantage in a downtown location. Each unit has separate utilities, paid by the tenant. Based on comparable rentals, the property could generate a minimum monthly rental income of $650 per unit. The property's central location and potential rental income make it an attractive option for both investors seeking rental income and individuals looking to live in one unit while renting the other. The Marion County property (APN: 010.09.29.4.08.004.020) is offered at an asking price of $138,000. This is a private sale.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.