$850,000
$999,000
14.9%For more information regarding the value of a property, please contact us for a free consultation.
700 W Union ST Pacific, MO 63069
14,820 SqFt
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 14,820 sqft
Price per Sqft $57
Subdivision Pacific Heights
MLS Listing ID 22052740
Sold Date 09/27/22
Style Low/1-2
Year Built 1985
Annual Tax Amount $8,946
Lot Size 0.689 Acres
Acres 0.689
Lot Dimensions 151x154x198x199
Property Sub-Type 5 Family or More
Property Description
16 Unit Investment Property with newer roof (only 2 yrs old). All 2 bedroom/1bath apts, approx. 800 sf with laundry/utility room in each unit. Units are individually metered, all electric, tenant paid. Owner pays water/sewer/trash. Leases are renewed annually, but building has many long term tenants. Rents currently range from $560-625/month. Potential to raise the lower rental rates to a higher market rate as leases renew. Building is usually fully occupied, and easily attracts new tenants when a vacancy occurs. Ample off street parking for tenants and guests. Current owner is absentee and utilizes a management company. A more hands on owner might be able to substantially reduce expenses and increase NOI. Property is conveniently located near Hwy 44 and close to schools and shopping. No For Sale sign at property. Please do not disturb tenants.
Location
State MO
County Franklin
Area 361 - Pacific/Meramec R-3
Interior
Heating Forced Air, Electric
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry In Unit
Exterior
Parking Features false
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Wood Siding,Cedar
Schools
Elementary Schools Zitzman Elem.
Middle Schools Meramec Valley Middle
High Schools Pacific High
School District Meramec Valley R-Iii
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Read Less
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Bought with RichardJDavis
