313 Broadway Hannibal, MO 63401

Investment opportunity in downtown Hannibal. Property is two, three-story buildings. 315 Broadway main level has been updated and is currently rented for $800 a month as a storefront. 313 Broadway main level could rent for $500 a month and is currently used as an office. The common exterior door between the two buildings allows access to second and third stories. The second level has five one-bedroom, fully furnished apartments. The third level has four one-bedroom, fully furnished apartments. Common laundry area on the second level. Most units have a separate heating/cooling unit. The owner currently pays all utilities, including internet, though there are separate electric meters. The only unit that has not been updated is the main level unit of 313. Off-street parking is available behind the building in a public parking lot or in front on Broadway. The capitalization rate is between 7.5% and 9.8% based on the 2022 gross income expected.