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310 E Franklin St, Clinton, MO, 64735

--beds
0baths
--sqft
$475,000
--price/sqft
$3,442/moest. monthly cost
$137,680/yrincome needed

About This Home

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.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

3/10
Edison Elementary SchoolGrades PK-60.9 mi
2/10
Truman Middle SchoolGrades 7-80.9 mi
4/10
Central High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1965

Materials

  • Roof: Composition,Other
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Window Unit(s)

Property

Details

  • Parcel number: 181.002003021003.000
  • Zoning: R-3

Lot

  • Lot size: 0.38 Acres
  • Lot size dimensions: 80 x 208

Parking

  • Total spaces: 8
  • Parking features: Assigned,Off Street