3604 McMasters AVE, Hannibal, MO 63401
3604 McMasters AVE, Hannibal, MO 63401
3604 McMasters AVE, Hannibal, MO 63401
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$1,500,000
Est. payment /mo
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17,600 SqFt
Active

3604 McMasters AVE Hannibal, MO 63401

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 17,600 sqft

Price per Sqft $85

Subdivision Shepherd Place

MLS Listing ID 26064691

Style Other

Year Built 1935

Annual Tax Amount $19,330

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type 5 Family or More

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.

Location

State MO

County Marion

Area 533 - Hannibal

Rooms

Basement Unfinished

Interior

Heating Electric

Cooling Multi Units, Varies by Unit, Wall/Window Unit(s)

Fireplace N

Appliance Microwave, Free-Standing Refrigerator

Laundry Common Area, Laundry Room, Lower Level, Multiple Locations

Exterior

Exterior Feature Awning(s), Balcony

Parking Features false

Utilities Available Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Private Pool false

Building

Story 2

Water Public

Level or Stories Two

Structure Type Brick,Brick Veneer,Concrete,Frame,Glass,Other,Plaster

Schools

Elementary Schools Veterans Elem.

Middle Schools Hannibal Middle

High Schools Hannibal Sr. High

School District Hannibal 60

Others

Ownership Private

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

Listed by Ryan Farber • Compass Realty Group

NEARBY SCHOOL & BUSINESS

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Danielle Jordan

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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