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610 Clay Street, Chillicothe, MO 64601

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For Sale

$149,900

1 beds • 2 baths • 2,750 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $54.51
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This fully occupied, income-producing mixed-use investment property offers immediate cash flow and long-term stability, currently generating $1,250 in monthly income. The building features a residential apartment upstairs renting for $650 per month, with reliable tenants who want to remain in place, and a commercial space on the main level renting for $600 per month. With two separate electric meters and two water meters, along with tenants covering all their own utilities, the setup keeps landlord expenses low and simplifies property management. Major capital improvements have already been completed, including a new roof installed in 2022-2023, HVAC system downstairs in 2022-2023, and brand-new ductwork throughout the commercial space completed during the same period. The downstairs unit benefits from an upgraded and efficient climate system, while the apartment upstairs is equipped with baseboard heat and a window A/C unit, allowing for independent comfort and utility control. This property provides strong portfolio appeal by combining both commercial and residential rental income in one asset, creating steady demand from both housing and business tenants. Whether utilized for office, retail, studio, service business, or a variety of other commercial uses on the ground floor, this is a rare opportunity to own a well-updated building with established tenancy and minimal operational overhead. Investors looking for a hands-off, turnkey property with recent mechanical upgrades and built-in income will find this to be a compelling, efficient, and dependable investment.
MLS# 11612556

Courtesy Of United Country Graham Agency, LLC

(660) 646-7653

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Carpet
  • Heating System
    Baseboard, Forced Air
  • Lot Size
    0.08 Acres
  • Roof Type
    Metal
  • Rooms
    Living Room

Map and Directions

Directions to 610 Clay Street, Chillicothe, MO 64601

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.