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Travelers Hotel Apartments 301 W Washington 34 Unit Apartment Building For Sale Kirksville, MO 63501
INVESTMENT HIGHLIGHTS
- Tremendous operational upside by converting the property to market as the LIHTC LURA was terminated in July of 2025 with a 3-year decontrol period in
- Originally operating as a hotel that was constructed in 1920, the property was converted to apartments in 2010 via the LIHTC Program and was also adde
- Strong ability to easily access area amenities as evidenced by a 76 Walk Score and a 76 Bike Score
- Located just a half mile from Truman State University, the #1 ranked public university in the Midwest per U.S. News & World Report
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 34 | Building Size | 24,871 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2010 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Building Size | 24,871 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1920/2010 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Elevator
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $710.00 | 602 - 684 |
| 2+2 | 14 | $810.00 | 827 - 999 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 13-02.0-09-002-20-01.000000 | Improvements Assessment | $125,610 |
| Land Assessment | $4,260 | Total Assessment | $129,870 |
PROPERTY TAXES
Parcel Number
13-02.0-09-002-20-01.000000
Land Assessment
$4,260
Improvements Assessment
$125,610
Total Assessment
$129,870
CONTACTS
-
Scott Timpani -
Jordan Skyles -
Ken Aston -
Andrea Kendrick -
Berkadia Commercial Mortgage LLC
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Travelers Hotel Apartments | 301 W Washington
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