5 S Cherry St, Hale, MO 64643

Investment Opportunity – Price Reduced!!! This 7-unit apartment building, constructed with heavy steel beam, offers a total of 4,810 sq ft on a 0.86-acre lot. The units include studios, one-bedroom, & two-bedroom apartments, with current rents ranging from $300 to $590 per month. All units combined offer 9 bedrooms, 7 full bathrooms & 3 half baths. The property features on-site laundry (coin operated – additional income), 3 storage units (additional income opportunity), and a lobby area. There is still room to expand. Located in Hale, MO, this property is centrally positioned near Chillicothe, Carrollton, & Brookfield, making it attractive to tenants. The area is known for outdoor activities like hunting, fishing, mushroom hunting & general enjoyment of nature & small community living.