310 E Franklin Street, Clinton, MO 64507
- $475,000
- List Price
- $475,000
- MLS#
- 2608181
- Status
- ACTIVE
- Type
- Multifamily
- Lot Size
- 16,640
- Acres
- 0.38
- Subdivision
- Allens Addition
Property Description
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.
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Additional Information
- Year Built
- 1965
- School District
- Clinton
- Basement
- Yes
- Roof
- Composition, Other
- Central Air
- Window Unit(s)
- Sewer
- Private Sewer
- Construction
- Brick, Vinyl Siding
- Water
- Public
- Cooling
- Window Unit(s)
- Heating
- Natural Gas
- Taxes
- $3,047
- Zoning
- R-3
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Listing courtesy of Serena Bales of KW KANSAS CITY METRO.
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