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.
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: 7
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
Agent Name: Katie Berry
Agent Phone: 314.541.4887
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 10,220.54 per month $8,172.21 Principal & Interest $1,610.83 Property Tax $437.50 Homeowner's InsuranceChange Payment Information
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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 katieberry.redkeystlouis.com today.