This building, built in 1957, still has a good occupancy rate and is cash flowing. It totals 5096 sq ft, so do the math...it's priced at only $20 per square foot...and could be a very good investment for someone who has a good aptitude for operating a business.

Seven of the nine apartments have one bedroom, living room and kitchen, gas furnaces and the tenants bring their own window air conditioners. The eighth unit is similar but has a formal dining room and central air. The ninth unit is similar but is a studio apartment with a sofa bed in the living room and has a separate kitchen and bath. The building has a U-shape design with a common courtyard in front, and with each unit having front and rear doors. Those tenants having vehicles find private parking in the rear or street parking along one side.

Each unit has working kitchen appliances included. Some have newer carpeting than the others. The majority of the units have been Section 8 approved. (what that means to the investor is a more secure cash flow because a minimum of 1 year lease is required for those renters and some of the rent is subsidized). The building has a spacious mechanical room that would be a great place to install a coin operated laundry room for the renters, making the cash flow potentially larger.  There is also a storage room that could double as a maintenance shop.

There is a vacant lot, 100x100 behind this structure that could also be purchased separately as an option, if you wish.

Call us now to learn how much the rents are, and how much money this opportunity you could net you each month!

You may phone us at 660-542-2300 or you may reach the broker after hours at (660)593-3804. We will be thrilled to show you this property!

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#14246      Carrollton, MO         $100,000
Downtown Carrollton: Has Possibilities

This very unique building could have many uses. The main floor has 2,457 sq ft, and also has a mezzanine level with an additional 400 sq ft.  The retail space on the main floor has a gorgeous ornate tin ceiling, as pictured in a close-up view, below, which adds to the attractiveness of the retail space. The back part of the main floor has storage rooms and a merchandise staging area.  It was most recently  used as a sandwich deli and coffee shop, but could also suffice for other types of retail space.  The main floor is equipped with a Kinetico Water Purification System, which puts out very good tasting water and ice! There are two large picture windows with display space for showing samples of  your merchandise. The building had a new roof installed in March of 2006 and the balance of the 20 year materials warranty remains. One wall of this space has a very nice country style wall mural, as shown here.

The basement has two separate entrances and could be used for one or two businesses, or as additional space to the main floor business. One area in the basement has high ceilings and would make a good place for a small retail shop or offices. The remainder of the basement area is rather large and it, too, would make a good place for a retail shop or for office spaces. 

The second story once housed apartments, and could be refurbished for residential use or for business purpose.  It has it's own separate entrances. It might even be a good place for the owner to live, making the trip to work extra convenient! This level has very pretty windows, arched at the top. The exterior walls are brick so just imagine the combination of brick walls with arched windows!

If you purchase the building, you may also have the option to purchase all the free-standing (unattached) equipment for an additional $18,000.  Be sure to ask about the equipment if you are interested.  If you plan to use the building for food service, it might benefit you to purchase the equipment. Broker has a list of the equipment.

You may phone us at 660-542-2300 or you may reach the broker after hours at (660)593-3804. We will be thrilled to show you this property!

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Use your browsers "Back" button to return to this page.)