611 Palisades Dr Pacific, MO 63069
- Multifamily properties
- 0.27 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 611 Palisades Dr
- Year built
- 1989
- Lot size
- 0.27 lot acres
- Property type
- Multifamily properties
Description
This exceptional ten-building multifamily investment property, located at 611-656 Palisades Drive in Pacific, Missouri, presents a rare opportunity. The complex, constructed in 1989 and meticulously maintained, sits on a 0.27-acre lot in a peaceful cul-de-sac, conveniently close to Highway 44. The property comprises a diverse mix of unit sizes, including six four-plex buildings, one triplex, and three duplexes, totaling 33 units. The unit distribution offers a balanced portfolio with three four-bedroom units, twenty-four three-bedroom units, and six two-bedroom units. All units are equipped with electric heating and central air conditioning, ensuring year-round comfort. Recent upgrades include newer roofs and energy-efficient thermal windows, minimizing maintenance needs and maximizing energy efficiency. Tenants are responsible for their own electricity, water, and sewer expenses, contributing to a streamlined management process and potentially higher returns. This well-maintained complex offers a strong cash flow potential and a stable investment opportunity in a desirable location. The asking price is $3,600,000. This is a turnkey investment ready for a new owner.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pacific
- County
- Franklin
- State
- Missouri
- Longitude
- -90.75115
- Latitude
- 38.48857
