620 Monroe St Monroe City, MO 63456
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 620 Monroe St
- Property type
- Commercial real estate
- APN
- 01-4.0-18-003-007-006.000
Description
This vacant, 16-unit apartment building located at 620 S Monroe St, Monroe City, MO 63456, presents a compelling redevelopment opportunity. The property, classified as Class D, is offered at an asking price of $1,800,000. The property's APN is 01-4.0-18-003-007-006.000. Situated in Monroe County, Missouri, this multifamily investment is ideal for those seeking a project in a smaller Missouri town. The current occupancy is vacant, allowing for complete renovation and customization to meet the investor's vision. The sale is structured as an auction with a starting bid that meets the reserve. A 10% earnest money deposit of the winning bid is required, along with a 5% platform fee (minimum $20,000), and a $5,000 participation deposit. This presents a unique chance to acquire a substantial property in a growing market, ready for significant value enhancement through redevelopment. The property's location offers potential for strong rental income once renovated and occupied. This is a non-contingent sale.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe City
- County
- Monroe
- State
- Missouri
- Longitude
- -91.7280946
- Latitude
- 39.6488493
