424 Market St, Memphis, MO 63555

Property Details for 424 Market St

Lot size

0.46 lot acres

Property type

Commercial real estate

Description

This charming two-unit apartment building presents a fantastic investment opportunity in Memphis, Missouri. Located just four blocks north of the Memphis square and three blocks east of Legion Park and the city pool, this property boasts a prime location with convenient access to local amenities. The building sits on a spacious 0.46-acre lot (156x132 feet). The main level apartment, currently rented and generating income, has undergone recent renovations, including new sheetrock, hardwood floors, updated entry and bathroom flooring, and a new deck on the covered front porch. This unit features one bedroom, one bathroom, a large kitchen and dining room, a spacious family room, and an attached office space with the potential to be converted into a second bedroom. The HVAC system was replaced in 2023. The upstairs apartment offers a separate entrance and includes one bedroom, one bathroom, a kitchen, and a living room. Both units provide comfortable living spaces for tenants. The seller is open to discussing the sale as-is or with the completion of additional projects. This property offers a blend of immediate income potential and the opportunity for further value enhancement, making it an ideal investment for both seasoned and aspiring real estate investors. The asking price is $149,000.

Location Insight

City

Memphis

County

Scotland

State

Missouri

Longitude

-92.168983

Latitude

40.4638252