116 S Morice is a $134,900 home on a 0.51 acre lot located in Park Hills, MO.
This multi-family property offers a fantastic investment opportunity for those seeking a versatile space with potential value-added options. Situated in a convenient location, this property features six apartments and two commercial spaces, providing various possibilities for rental income or business ventures. The building has a new roof as of 2023, ensuring durability and peace of mind for future owners. Included within this property is a fully operational laundromat, adding an additional revenue stream.The apartments were rented at $595.00 per unit, showcasing the demand for housing in the area. The owner has intentionally not extended leases to allow for major renovations, presenting an exciting opportunity to customize the units according to your vision. While the upstairs apartments require significant renovations, many have already been taken down to the studs, offering a blank canvas for your creative touch.
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