601 Smith St Kirksville, MO 63501
This two-unit apartment building at 601 W Smith St, Kirksville, MO 63501, presents a compelling investment opportunity. Priced at $184,900, this property offers excellent potential for rental income. Each unit boasts separate utilities, providing efficient management and cost control. The property underwent a significant roof upgrade with new shingles in 2024, ensuring long-term durability and minimizing maintenance concerns. Its convenient location places it within walking distance of both ATSU (A.T. Still University) and Truman State University, guaranteeing a consistent pool of potential tenants. Proximity to downtown Kirksville adds further appeal. The spacious layout of each unit allows for comfortable living, making it ideal for both owner-occupancy and full rental operation. Whether you choose to live in one unit and rent the other, or maximize your return by renting both, this property offers flexibility and strong potential for a positive cash flow. This well-maintained property is ready for immediate occupancy or rental. Don't miss this chance to acquire a valuable asset in a thriving Missouri community.
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.