527 S Main St, Carthage, MO, 64836

Don't miss out on the rare chance to own a piece of Carthage's rich history. The beloved Carthage Press building has been thoughtfully reimagined and transformed into the stunning Carthage Press Apartments. Offering a total of 20 units, including 5 studios, 3 one-bedroom units, and 12 two-bedroom units, this remarkable complex has undergone a complete renovation, ensuring the perfect blend of historic charm and modern convenience. The renovations spared no detail, with features that include concrete floors and ceilings, all-new electrical, plumbing, HVAC systems, windows, water heaters, and a roof with a 20-year transferable warranty. To further add to profitability but eliminating big ticket expenses for the new owner, new city main water supply lines, a new main sewer line, and a new service entry for electricity have been installed. Each unit is individually metered for electricity, while the owner covers water, trash, and sewer. Additionally, the option to separately meter water is readily available. One of the highlights of the Carthage Press Apartments is the captivating view of the iconic Carthage courthouse on the square, just a short stroll away. These apartments offer a luxurious high-rise experience reminiscent of big-city living, all at an affordable price right here in the heart of Carthage, MO. With oversized ceilings and large windows that flood the spaces with natural light, as well as a prime location and brand-new finishes, these units are destined to become cherished homes within our community. Currently, the units are being pre-leased while final touches are finished. All units, along with the covered parking and concrete parking lot in the rear, will be 100% completed before the new owner takes possession. The Carthage Press Apartments are spread across two floors of living space, along with an unfinished basement. The first floor boasts 3 one-bedroom units and 6 two-bedroom units, as well as two storage rooms that hold potential for conversion into convenient laundry facilities. The second floor comprises 5 studios and 6 two-bedroom apartments. For full details on rents, layout, floor plan and dimensions, please refer to the floor plans in the pictures. The projected pre-lease discounted rate stands at $15,150 per month, with stabilized rents expected to exceed $16,000 per month, even before factoring in potential additional income from pet fees, premium parking, added laundry facilities, or storage units in the basement for tenants to rent. This is a remarkable investment opportunity, offering substantial value-add possibilities that can skyrocket your return on investment. Don't let this piece of Carthage's history slip through your fingers - act now to secure your future with the Carthage Press Apartments!