For Sale
$3,600,000

611 Palisades Dr Pacific, MO 63069

Ten-Building Multifamily Investment Opportunity

Overview

Added:
Feb 3
Days on market:
78
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
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

FAQs

What type of property is this?
Multifamily property - Ten-Building Multifamily Investment Opportunity
Where is the multifamily property located?
The property is located at 611 Palisades Dr Pacific, MO.
What is the asking price?
The asking price for this property is $3,600,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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611 Palisades Dr
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