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3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
3604 McMasters Avenue
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Courtesy of Compass Realty Group, Ryan Farber Listing Contact: 314-941-9672 
$1,500,000

3604 McMasters Avenue

17,600 Sq.Ft. 0.52 Acres

Description

This 43 - 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 40-unit extended-stay property with a proven track record and strong market appeal.

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Location

3604 McMasters Avenue, Hannibal, MO 63401

Status

Coming Soon

Property Amenities

Interior
Laundry room Common Area, Laundry Room, Lower Level, Multiple Locations
Appliances Microwave, Free-Standing Refrigerator
Area & Lot
Lot Area 0.52 Acres
Living area 17,600 Sq.Ft.
MLS® ID 26064691
Year Built 1935
School District Hannibal 60
High School Hannibal Sr. High
Middle School Hannibal Middle
Elementary School Veterans Elem.
Architecture Styles Other
Type Multi-Family
Status Coming Soon
Exterior
Stories 2
Air conditioning Multi Units, Varies by Unit, Wall/Window Unit(s)
Heat type Electric
Water Source Public
Other Exterior Features Awning(s), Balcony
Parking Common
Utilities Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Finance
Sales Price $1,500,000
Real Estate Tax $19,330 yearly

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