510 Main St APT 5, Trenton, MO, 64683

About This Home

Sale if of the entire building, (not #5) This a 5 unit apartment building. Each having its own bathroom, kitchen,and bedroom. It is in need of a lot of repairs, however once fixed has potential to bring in well over 2k per month. The main issue is the front foundation wall, it is partially repaired. Around 25% done It needs the remainder repaired then the front porch can be repaired. Then it need cosmetic work throughout. Also the sewer line from the 2nd floor to the basement, also new water lines. I am asking for ruffly 10% of it's fixed value. So if you have a team of people and are interested in becoming a landlord or already are. This would be a great addition to your portfolio. My family has owned if for well over 20years. Bringing in 20k plus per year. Due to health reasons, I can not see to the repairs. 3 of the units have an additional room. 2 are smaller and do not. This property has been in my family since the early 90's. The average rent was 500 per month after utilities. With some updating and needed repairs, I personally believe it could average 650 per month per unit or more. This apartment house needs a lot of work. My estimation is 40-60k to gut and fix it up. So ball park 85-90k but it's worth over 100k and with it full of tenants can be then sold has a business has well. The property is grandfathered in had a multiple family home, so that is a huge benefit. It will need a lot of work !! The price reflects this. It is not currently livable.. I am open to cash offers. Wholesalers skip me please.