FOR SALE BY OWNER
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711 E Jefferson St, Kirksville, MO 63501
711 E Jefferson St, Kirksville, MO 63501
$66,000
$37/sq ft
4 Beds
2.0 Baths
1,800 Sq Ft
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About This Property
**Buyers please note. I need to stay here until 31 October. I can vacate by the 31st of October. I live in one side and use the other for storage.
Duplex Investment Opportunity – Able to Rent with Moderate Renovation
This duplex features two separate 2bedroom apartments and is not rent ready. Requires a moderate upgrade. Needs minor wall repairs, fresh paint, one electric range, and two replacement windows. Also needs two new furnaces or you can repair the old ones, and one water heater.
Renovation costs are estimated at about $7,000 per unit.
Income Potential:
Each unit can bring in approximately $600/month, for a total of $1,200/month in rental income. That’s $86,400 over 72 months. This property priced at just $67,000, could pay for itself in about 6 years.
Property Features:
Solid floors and attic with no roof leaks. Each unit needs a new window and furnace repair or replacement. Both gas furnaces were working recently but have gone on the blink. One needs a new blower motor and the other doesn't stay lit. They are both about 30 years old. The rear apartment needs a new range. Both toilets and one tub often drain slowly and so need a roto rooter servicing. Should be repainted throughout interior.
Roof will need new shingles fairly soon. Estimate the shingles are about 18 years old. Intact edges with no cracking but degraded by the sun. Property tax for December 2025 is $730 paid.
Basement entrance could use reworking (optional, estimated at $10,000) Not needed to make rent ready.
New siding or exterior paint recommended for enhanced curb appeal.
Separately metered gas and electricity for each unit. I'm selling because I can't afford to get the place fixed up. I currently live in the front unit while the rear is used for storage.
Located just 8 blocks from Truman State University and A.T. Still campuses and 10 blocks from the Hy-Vee grocery store, this property is ideal for new landlords or those looking to expand their rental portfolio.
Could also be easily converted into a 4 bedroom home. Don't miss out!
I'm selling for $67,000 firm.
Property Type
Multi Family
Year Built
1935
Lot Size
6,329 sqft
Heating
Forced air
Cooling
Refrigerator
Features & Amenities
Interior Features
- Asphalt
- Carpet
- Composition
- Dryer
- Forced air
- Garage - Attached
- Hardwood
- Linoleum / Vinyl
- Off-street
- Range / Oven
- Refrigerator
- Shingle
- Unfinished
- Washer
Property Owner
PO
Property Owner
Property Owner
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Estimated Monthly Payment
$517
Payment Breakdown
Principal & Interest
$351
Property Tax
$66
Home Insurance
$100
HOA Fees
$0
Loan Amount
$52,800
Total Interest Paid
$73,661
Total Cost
$126,461