BEDS0
BATHS
MLS#26000912
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMontgomery Co R-II
Property Description
This well-maintained 36-unit property features 31-1beds, 4-2beds, and 1 commercial space. The asset has undergone major capital improvements in the last few years, including a new roof, new siding, and electrical upgrades, delivering true peace of mind for the next owner. With these significant updates completed, this is a low-maintenance, turnkey investment. The property is currently operating at an impressive 10% cap rate with stable operations, low vacancy, and strong cash flow. Rental demand remains consistent while the commercial space is a prime opportunity to add additional income. This asset offers both immediate and returns and future upside potential.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric, Wall Unit(s)
Heating: Electric, Forced Air
Home Style: Apartment Style
Lot Size: 2.93 Acres
Taxes: $23,266
Year Built: 1982
Feature Descriptions
Appliances: Refrigerator, Electric Water Heater
Days on Site: 53
Exterior: Vinyl Siding
Parcel#: 11-8.0-27-000-000-016.001
Parking: Open, Parking Lot
Parking Notes: Open, Parking Lot
SQFT. Above Grade: 14000
Units: 36
Water: Public
Local Schools
High School: Montgomery Co. High
Middle School: Montgomery Co. Middle
Elementary School: Montgomery City Elem.
School District: Montgomery Co R-II
Listed By / Shown By
Listed By
Agency Name: Salient Realty Group, LLC
Shown By
Agent Name: Teri Nicely
Agent Phone: (314) 707-1468
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 17,436.31 per month $14,709.98 Principal & Interest $1,938.83 Property Tax $787.50 Homeowner's Insurance
1 Proactive Drive | MLS# 26000912
This multi-family property located at 1 Proactive Drive, New Florence, MO 63363 is currently listed for sale with an asking price of $2,700,000. Proactive Drive is located within the Montgomery Co R-II school district. Search New Florence real estate on www.nicelyhomes.com today.