611 Palisades DrPacific, MO 63069

For Sale
$3,600,000

Ten-Building Multifamily Investment Opportunity

Overview

Added:
Feb 3
Days on market:
42
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.

Property Details for 611 Palisades Dr

Property type
Residential income properties, Multifamily properties
Year Built
1989
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Pacific
County
Franklin
State
Missouri
Latitude
38.48857
Longitude
-90.75115
611 Palisades Dr, Pacific, Missouri

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611 Palisades Dr
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