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Listed by Serena Bales • KW KANSAS CITY METRO
$475,000
Est. payment /mo
0.38 Acres Lot
Active
310 E Franklin ST Clinton, MO 64507
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Mike Grbic
mikegrbicbroker@chime.meUPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Allens Addition
MLS Listing ID 2608181
Year Built 1965
Annual Tax Amount $3,047
Lot Size 0.382 Acres
Acres 0.38200185
Lot Dimensions 80x208
Property Sub-Type Apartment
Source hmls
Property Description
Turnkey 6-unit multifamily investment opportunity in the heart of Clinton, MO, offering strong in-place cash flow with immediate upside. This well-maintained property currently generates $4,375/month with pro forma potential of $5,075/month upon completion of a partially finished 7th unit in the basement, which is already framed and includes new plumbing, electrical, and an egress window (estimated ~$20K to complete). The unit mix includes four 2-bedroom and two 1-bedroom units, with tenants paying electric and gas, helping keep operating expenses low. Each unit features its own furnace and rooftop AC, and the property includes onsite laundry with two washers and three dryers. Major updates include a TPO roof approximately two years old and updated plumbing in the lower level. An additional commercial lot is included, offering potential to build 4–6 more units for future expansion. Conveniently located just minutes from Golden Valley Memorial Healthcare and with quick access to Highway 7 and Highway 13, this property is well-positioned near local employers, shopping, and downtown Clinton, making it an attractive option for investors seeking a cash-flowing asset with value-add and long-term growth potential.
Location
State MO
County Henry
Zoning R-3
Interior
Heating Natural Gas
Cooling Window Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Other
Roof Type Composition,Other
Building
Story 2
Sewer Private Sewer
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District Clinton
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Mike Grbic