Multi-Family for Sale: 700 W Union Street, Pacific, MO 63069 SOLD
14,820 sqft
$850,000
$850,000
700 W Union Street,
Pacific, MO 63069 SOLD
14,820 sqft
$850,000
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Selling Price: $850,000
Original List Price: $1,199,000
Sold at 70.9% of list price
Sold Date: 09/27/2022
Type Multi-Family
Total Living Area 14,820 sqft
Lot Size 0.69 acres
Year Built 1985
Assoc Fee Paid None
Taxes Paid $8,946
City Pacific
Area Pacific/Meramec R-3
County Franklin
Subdivision Pacific Heights
MLS 22052740
Status Closed
DOM 49 days
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.
Lot & Building Features
Assoc Fee Paid None
Construction Brick Veneer, Cedar
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Guest Parking, Unassigned, Parking Lot
Sewer Public Sewer
Tax Year 2021
Water Public
Lot Dimensions 151x154x198x199 ft
Community and Schools
Junior High School Meramec Valley Middle
Senior High School Pacific High
Price History of 700 Union Street, Pacific, MO
Date | Name | Price | Difference |
---|---|---|---|
08/17/2022 | Price Adjustment | $850,000 | 29.11% |
08/10/2022 | Listing Price | $1,199,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Direct: 314-541-0120
Office
Listed by Realty One Group Dominion, Tammy Wachter
Sold by Alliance Midwest Realty, Richard Davis
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Realty ONE Group Dominion Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange |