5 S Cherry St, Hale, MO, 64643

About This Home

Investment Opportunity – Price Reduced!!! This 7-unit apartment building, constructed with heavy steel beam, offers a total of 4,810 sq ft on a 0.86-acre lot. The units include studios, one-bedroom, and two-bedroom apartments, with current rents ranging from $300 to $590 per month. All units combined offer 9 bedrooms, 7 full bathrooms and 3 half baths. The property features on-site laundry (coin operated – additional income), three storage units (additional income opportunity), and a lobby area. There is still room to expand Located in Hale, MO, this property is centrally positioned near Chillicothe, Carrollton, and Brookfield, making it attractive to tenants. The area is known for outdoor activities like hunting, fishing, mushroom hunting and general enjoyment of nature and small community living. With a reduced listing price of $379,900, this property presents a solid investment opportunity in a stable rental market. With the potential to expand.