509 Old Cane Bluff Road

Alton, MO 65606

About this property

Historic 1890 Home with Rental Income on 3.07 Acres Inside City Limits Step back in time while enjoying modern-day opportunity with this historic 1890-built home situated on 3.07 acres, with the main residence conveniently located inside the city limits. This rare combination offers the charm and character of a classic home along with space, versatility, and income potential. The main home features 3 bedrooms and 2 bathrooms, showcasing the craftsmanship and timeless appeal you would expect from a property built in the late 19th century. With generous living space and a layout full of potential, this home is perfect for someone who appreciates historic character and wants to make it their own. Whether you choose to preserve its vintage charm or incorporate tasteful updates, the possibilities are wide open. Adding even more value to the property is a 3-bedroom, 2-bath mobile home that is currently rented for $600 per month. This established rental provides immediate income, making this property ideal for investors, multi-generational living, or anyone looking to offset their mortgage with rental revenue. The land offers usable space for a variety of needs. A chicken house and several small outbuildings provide excellent options for hobby farming, storage, or small livestock. There is also a shop equipped with power, water, and a concrete floor--perfect for projects, equipment storage, a workshop, or even a small business setup. With acreage inside city limits, rental income already in place, and multiple functional outbuildings, this property delivers flexibility, opportunity, and historic charm all in one package. Whether you're searching for a primary residence with income potential or an investment property with room to expand, this unique offering is worth a look.

About this property

Historic 1890 Home with Rental Income on 3.07 Acres Inside City Limits Step back in time while enjoying modern-day opportunity with this historic 1890-built home situated on 3.07 acres, with the main residence conveniently located inside the city limits. This rare combination offers the charm and character of a classic home along with space, versatility, and income potential. The main home features 3 bedrooms and 2 bathrooms, showcasing the craftsmanship and timeless appeal you would expect from a property built in the late 19th century. With generous living space and a layout full of potential, this home is perfect for someone who appreciates historic character and wants to make it their own. Whether you choose to preserve its vintage charm or incorporate tasteful updates, the possibilities are wide open. Adding even more value to the property is a 3-bedroom, 2-bath mobile home that is currently rented for $600 per month. This established rental provides immediate income, making this property ideal for investors, multi-generational living, or anyone looking to offset their mortgage with rental revenue. The land offers usable space for a variety of needs. A chicken house and several small outbuildings provide excellent options for hobby farming, storage, or small livestock. There is also a shop equipped with power, water, and a concrete floor--perfect for projects, equipment storage, a workshop, or even a small business setup. With acreage inside city limits, rental income already in place, and multiple functional outbuildings, this property delivers flexibility, opportunity, and historic charm all in one package. Whether you're searching for a primary residence with income potential or an investment property with room to expand, this unique offering is worth a look.

Features and Additional Information

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$199,900 Pending
5 Bed(s)
4
Baths
2,012 sqft

Presented By AMAX Real Estate

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Brokerage
United Country-Cozort Realty, Inc.
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Area Information

| Oregon County | Oregon Not in List

$ 199,900
This listing is play_arrow 21.2% higher than the average in the area
$ 165,000 in the area
2,012 SqFt
This listing is play_arrow 1.3% smaller than the average in the area
2,039 SqFt in the area
$ 99 $/SqFt
This listing is play_arrow 22.8% more than the average in the area
$ 81 $/SqFt in the area
180 days on site
This listing is play_arrow 25.0% above the average in the area
144 days on site in the area

Schools in the Area

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    Elementary School
    Alton
  • turned_in
    Middle School
    Alton
  • turned_in
    High School
    Alton

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Listed By Blake Reese
Brokerage: United Country-Cozort Realty, Inc.

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