314-497-2987
586 St. Mary Dr, Pilot Knob, MO for Sale
Apartments - FOR SALE
1/18
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586 St. Mary Dr
Pilot Knob, MO 63663


OVERVIEW

Countryside Apartments is the unrivaled leader in the Pilot Knob rental market, operating with little to no direct competition. With an exceptional 97% average occupancy rate sustained over the past decade, this property offers a proven track record of consistent demand and stable returns. Located in Pilot Knob, Countryside Apartments faces little to no local competition, with the closest comparable properties situated approximately 15 miles away. This exclusivity ensures strong demand and sustained occupancy. This turnkey asset combines strong market positioning with operational efficiency, making it a reliable performer in any investment portfolio. Don’t miss the opportunity to own a cornerstone property in a market with built-in advantages and outstanding long-term potential. Investment Highlights Significant Upside Potential: New lease trade-outs are achieving market rents, capitalizing on untapped opportunities from long-term ownership spanning two decades, during which rents were never aggressively pushed. Light Value-Add Opportunity: Unlock additional revenue by converting select 2-bedroom, 2-bathroom units back to their original 1-bedroom, 1-bathroom configurations. This reversion creates six additional rentable units, enhancing overall income potential with minimal investment. Proven Stability: With a consistent 97% average occupancy over the past decade, Countryside Apartments provides an exceptional foundation for reliable cash flow and strategic growth. This is a rare opportunity to acquire a well-performing asset with built-in opportunities for immediate rent optimization and creative value-add enhancements.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

50

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Countryside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

Multi-Family

APN/PARCEL ID

1190300020022003S000

ASK ABOUT THIS PROPERTY

Johnny FedererTrident Management LLCMore Info
314-497-2987

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Johnny FedererTrident Management LLCMore Info
314-497-2987

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.