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Carrie Canaday

carrie@carriehomefinder.com +1(660) 676-9996

$ 2,700,000

Est. payment -/mo

Save

Pending

1 Proactive DR New Florence, MO 63363

14,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Pending

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $192

MLS Listing ID 26000912

Style Apartment Style

Year Built 1982

Annual Tax Amount $23,266

Lot Size 2.930 Acres

Acres 2.93

Property Sub-Type 5 Family or More

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.

Location

State MO

County Montgomery

Area 379 - Montgomery County

Interior

Heating Electric, Forced Air

Cooling Electric, Wall Unit(s)

Fireplace N

Appliance Refrigerator, Electric Water Heater

Exterior

Parking Features false

View Y/N No

Building

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Montgomery City Elem.

Middle Schools Montgomery Co. Middle

High Schools Montgomery Co. High

School District Montgomery Co. R-Ii

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by James Anderson • Salient Realty Group, LLC

NEARBY SCHOOLS & PROPERTIES

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Phone

+1(660) 676-9996

carrie@carriehomefinder.com

Address

400 W 4th St, Fulton, MO, 65251, USA