500 Shotwell St in Richmond, MO is a classic 2-bed, 1-bath home with 1,060 sqft, listed at $69K after a recent price drop. The property needs updates and TLC, but with comps in the area—like a house across the street selling for $179K—there’s clear upside. The price per square foot here is about $65, well below the neighborhood median of $125–$155, suggesting a good margin if you renovate smartly.
If you're an investor, focus on cosmetic updates and essential repairs to bring this home closer to neighborhood standards. For homeowners looking to sell, even minor improvements (flooring, paint, kitchen/bath refresh) could make the property more attractive and fetch a higher price. Don't over-improve, but don’t skimp on curb appeal or core systems either.