521 Walnut St, Hannibal, MO 63401
- Commercial real estate
- 1,400 SF
Current Use by Public Records
- Commercial real estate
Property Details for 521 Walnut St
- Year built
- 1875
- Property type
- Commercial real estate
- APN
- 010.08.28.3.24.006.000
Description
This charming two-unit apartment building, located at 521 Walnut St in Hannibal, Missouri, presents a compelling investment opportunity. Built in 1875 and situated on a 5,881 square foot lot, this property boasts a total of 1,400 square feet of net rentable space. The building features two distinct units: a fully furnished efficiency unit renting for $1,150 per month with a front patio, and a two-bedroom, two-bathroom unit renting for $1,415 per month, complete with a balcony and deck. Each unit is separately metered for utilities and includes its own HVAC and laundry facilities. The property has undergone complete interior and exterior updates, making it a truly turnkey investment. Currently, the units are fully furnished and generate a potential gross annual rental income of $30,480. After accounting for estimated expenses (insurance, taxes, and utilities) totaling $8,850, the net operating income (NOI) is $21,630. This property is ideally located near downtown Hannibal and offers significant potential for short-term or long-term rentals, or even the possibility of owner-occupancy. The asking price is $189,000. The property's APN is 010.08.28.3.24.006.000. This is a two-story building.
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Location Insight
- Map
- Local Demand
- City
- Hannibal
- County
- Marion
- State
- Missouri
- Longitude
- -91.352489529515
- Latitude
- 39.703451445434
