Company Logo
Sign Up Login

3604 Mcmasters Avenue, Hannibal, MO 63401

$1,500,000
  • 3604 Mcmasters Avenue, Hannibal, MO 63401 Main Photo

44 Photos

New to the Market Active
BEDS0 BATHS SQUARE FEET17,600 MLS#26064691
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONShepherd Place SCHOOLHannibal 60

Property Description

This 45 - unit extended-stay hotel presents an excellent opportunity for an investor seeking an established, income-producing property with strong operational history. All rooms have received at least some updates, with select units featuring completely new furniture and appliances. The property has built a strong reputation among guests, reflected in consistently high reviews and positive feedback. Historically, the hotel has maintained high occupancy levels, demonstrating strong and sustained demand for extended-stay accommodations. In recent months, demand has been particularly strong, with the property reaching full occupancy and maintaining waiting lists during certain periods. The extended-stay model provides guests with the convenience and flexibility of longer-term accommodations while offering the owner potential for stable recurring revenue. The combination of updated units, strong guest satisfaction, and proven occupancy makes this property an attractive turnkey investment opportunity. With continued demand and additional opportunities to enhance select rooms, a new owner may have multiple avenues to further improve performance. This is a rare opportunity to acquire an established 45-unit extended-stay property with a proven track record and strong market appeal.

3604 Mcmasters Avenue | MLS# 26064691

This multi-family property located at 3604 Mcmasters Avenue, Hannibal, MO 63401 is currently listed for sale with an asking price of $1,500,000. Mcmasters Avenue is located within the Hannibal 60 school district. Search Hannibal real estate on www.redkeystlouis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Multi Units, Varies by Unit, Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.52 Acres
Taxes: $19,330
Year Built: 1935

Feature Descriptions

Appliances: Microwave, Free-Standing Refrigerator
Days on Site: 6
Exterior: Brick, Brick Veneer, Concrete, Frame, Glass, Other, Plas
Laundry: Common Area, Laundry Room, Lower Level, Multiple Locations
Parcel#: 010.09.30.2.01.007.000
Parking: Common
Parking Notes: Common
SQFT. Above Grade: 17496
Units: 45
Water: Public

Local Schools

High School: Hannibal Sr. High
Middle School: Hannibal Middle
Elementary School: Veterans Elem.
School District: Hannibal 60

Listed By / Shown By

Listed By

Agency Name: Compass Realty Group

Shown By

Agency Title: RedKey Realty Leaders
Agency Phone: 314-692-7200

IDX logo

Estimate Your Payment

Estimated Payment

$ 10,220.54 per month $8,172.21 Principal & Interest $1,610.83 Property Tax $437.50 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

David Ames, Sales Manager, NMLS #738479

Login to My Homefinder