611-617 Palisades Dr
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611-617 Palisades Dr
33 Unit Apartment Building $3,600,000 ($109,091/Unit) 8.76% Cap Rate Pacific, MO 63069
EXECUTIVE SUMMARY
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
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
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $109,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.12 AC |
| Cap Rate | 8.76% | Building Size | 7,000 SF |
| No. Units | 33 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment |
| Price | $3,600,000 |
| Price Per Unit | $109,091 |
| Sale Type | Investment |
| Cap Rate | 8.76% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 5.12 AC |
| Building Size | 7,000 SF |
| No. Stories | 2 |
| Year Built | 1989 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+1.5 | 3 | - | - |
| 3+2 | 2 | - | - |
| 3+1.5 | 7 | - | - |
| 3+1 | 15 | - | - |
| 2+1.5 | 2 | - | - |
| 2+1 | 4 | - | - |
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ZONING
| Zoning Code | R-3 |
| R-3 |
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611-617 Palisades Dr
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