611-617 Palisades Dr - Apartments FOR SALE


Pacific, MO 63069
$3,600,000 USD
314-662-6453
611-617 Palisades Dr, Pacific, MO for Sale
$3,600,000 USD
Apartments - FOR SALE
1/18
null | 8.76% Cap Rate

611-617 Palisades Dr
Pacific, MO 63069


OVERVIEW

This well-maintained apartment complex, built in 1989, features 10 buildings, including six four-family buildings, one triplex, and three duplexes. The property offers a total of 33 units, consisting of three 4-bedroom units, 24 3-bedroom units, and six 2-bedroom units. Each unit is all-electric with central air, thermal windows, and newer roofs. The complex is conveniently located near Highway 44 in a quiet cul-de-sac and provides a peaceful living environment. Tenants are responsible for their own electric, water, and sewer utilities.z

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

33

PRICE/UNIT

$109,091

CAP RATE

8.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.12 AC

LAND SF

223,014 SF

ZONING

R-3

APN/PARCEL ID

19-1-120-2-018-003100,19-1-120-2-018-003400,19-1-120-2-018-003500,19-1-120-2-018-003600,19-1-120-2-020-003200,19-1-120-2-020-003300,19-1-120-2-020-003700

ASK ABOUT THIS PROPERTY

Mike ShepherdInvest St. Louis, LLCMore Info
314-662-6453

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

Mike ShepherdInvest St. Louis, LLCMore Info
314-662-6453

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