620 Monroe St Monroe City, MO 63456

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.