1224 W Breckenridge Dr - Apartments FOR SALE


Mexico, MO 65265
$3,250,000 USD
573-397-3288
1224 W Breckenridge Dr, Mexico, MO for Sale
$3,250,000 USD
Apartments - FOR SALE
1/17
null | 7.09% Cap Rate

1224 W Breckenridge Dr
Mexico, MO 65265


HIGHLIGHTS

  • Townhouse Style Floor Plan
  • Off Street Parking
  • Value Add Potential Available
  • Two & Three Bedroom Units
  • Vacant Parcel Included
  • Fully Occupied

OVERVIEW

Discover the charm and potential of all 50 of these newly listed townhome style apartments, located on a nice private cul-de-sac in Mexico, Missouri. With options ranging from spacious two-bedroom to three-bedroom units, this property provides a comfortable living experience and strong investment opportunity. Each unit spans approximately 875 square feet, designed efficiently to maximize space and comfort. There are 23 Two-Bedroom and 27 Three-bedroom units. The layout features a warm, welcoming atmosphere suitable for various household compositions. With bedrooms upstairs and kitchen and living room downstairs. Investors will appreciate the fully occupied status of these townhouse-style units! Embrace the opportunity to own in a peaceful community that is conveniently located near all Mexico has to offer. This property offers potential for long-term value. With each unit already embracing a sense of community and comfort, new owners have a solid foundation to enhance and increase returns. Easy value-add components are available! This property offers a unique blend of privacy, income generation and future growth opportunities, making it an ideal acquisition for both seasoned investors and those looking to enter the multi-family space for the first time. In addition to the apartments, this purchase comes with a large vacant parcel adjoining the rest of the land that Google's Maps haven't caught up with yet, and still shows a partially demoed building. The parcel is actually a nice grassy field now. Perfect for building more units, or perhaps even an onsite laundry facility. Call John to discuss your offer today!

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$42 USD /SF

# OF UNITS

50

PRICE/UNIT

$65,000

CAP RATE

7.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,061 SF

ZONING

-

APN/PARCEL ID

19-8-27-4-003-006,19-8-27-4-003-008,19-8-27-4-004-002

ASK ABOUT THIS PROPERTY

John CurryFrontier Property Management, LLCMore Info
573-397-3288

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John CurryFrontier Property Management, LLCMore Info
573-397-3288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.