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Monroe Heights 610 S Monroe St 16 Unit Apartment Building $1,000,000 ($62,500/Unit) Monroe City, MO 63456
Investment Highlights
- Opportunity for value-add improvements to increase income potential.
- Located near schools and community services, supporting tenant retention.
Executive Summary
This 16-unit apartment complex in Monroe City, Missouri, offers a strong investment opportunity in a stable rental market. Built in 1975, the property spans approximately 6,700 square feet across two stories and sits on a 1.05-acre lot. Each unit is equipped with essential amenities, including kitchens with ovens, ranges, and refrigerators, and the property provides 24-hour access for residents. Utilities are fully electric, minimizing owner expenses and simplifying operational management.
Located in Monroe City, the property benefits from a central position within a growing community that offers convenient access to local schools, retail, and services. The area’s consistent rental demand and limited multifamily inventory make this asset an attractive option for investors seeking steady cash flow and long-term appreciation. With potential for value-add improvements, this property provides an opportunity to enhance returns through modernization and operational efficiencies.
Located in Monroe City, the property benefits from a central position within a growing community that offers convenient access to local schools, retail, and services. The area’s consistent rental demand and limited multifamily inventory make this asset an attractive option for investors seeking steady cash flow and long-term appreciation. With potential for value-add improvements, this property provides an opportunity to enhance returns through modernization and operational efficiencies.
Property Facts
| Price | $1,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $62,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.05 AC |
| No. Units | 16 | Building Size | 6,700 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $1,000,000 |
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 6,700 SF |
| No. Stories | 2 |
| Year Built | 1975 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 8 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-4.0-18-003-007-006.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,340 |
Property Taxes
Parcel Number
01-4.0-18-003-007-006.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,340
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Videos
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Photos
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Presented by
Kamy Real Property Trust
Monroe Heights | 610 S Monroe St
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