NOT LISTED FOR SALE

700 W Union St Pacific, MO 63069

Estimated Value: $893,067

32 Beds
16 Baths
14,820 Sq Ft
$60/Sq Ft Est. Value

Last Sold September 27, 2022

Current estimated payment $5,396/month

36 Days on Market

Highlights

  • 0.69 Acre Lot
  • Eat-In Kitchen
  • Guest Parking
  • Great Room
  • Laundry in Utility Room
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

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.

Last Agent to Sell the Property

Tammy Moore

Realty One Group Dominion License #1999108919 Listed on: 08/10/2022

Realty One Group Dominion

Last Buyer's Agent

Richard davis

Alliance Midwest Realty License #2017033520

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1985

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 151x154x198x199

Home Design

  • Brick Exterior Construction
  • Cedar

Interior Spaces

  • 14,820 Sq Ft Home
  • Great Room
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • Guest Parking
  • Parking Lot
  • Unassigned Parking

Location

  • Suburban Location

Schools

  • Zitzman Elem. Elementary School
  • Meramec Valley Middle School
  • Pacific High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 16 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 19-1-120-3-007-034300

Property Details

Home Type

Apartment

Year Built

Built in 1985

Lot Details

0.69 Acres

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Exterior En
  • Cross Street: 6th Street
  • Municipality Township: Pacific
  • Age: 37
  • Ownership: Private
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Prvt Laund all units
  • Square Footage: 14820

Exterior Features

  • Construction: Brick Veneer Predom, Cedar/Wood

Garage/Parking

  • Parking: Guest Parking, Parking Lot, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: Zitzman Elem.
  • Junior High School: Meramec Valley Middle
  • School District: Meramec Valley R-III
  • Senior High School: Pacific High

Lot Info

  • Lot Dimensions: 151x154x198x199
  • Lot Sq Ft: 30013
  • Location: Suburban
  • Acres: 0.6890

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric

Multi Family

  • Building Info: No Units Furnished
  • Building Number: 1
  • Gross Operating Income: 114720.00
  • Total Units: 16
  • Total Expenses: 59326.00

Tax Info

  • Taxes Paid: 8946
  • Assessor Parcel Number: 19-1-120-3-007-034300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Sep 21, 2022
Sold by
Dean Deborah A and Brunt Deborah A
Bought by
Davis Companies Llc
Seller's Agent
Tammy Moore
Realty One Group Dominion
Buyer's Agent
Richard davis
Alliance Midwest Realty
List Price
$1,199,000
Views
44
Current Estimated Value
$893,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.47%

Purchase Details

Closed on
May 12, 2021
Sold by
Macklin Donna M and Brunt Deborah A
Bought by
Macklin Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Davis Companies Llc -- None Listed On Document
Macklin Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2022 09/27/22 Sold -- -- --
09/16/2022 09/16/22 Pending -- -- --
08/17/2022 08/17/22 Price Changed $999,000 -16.7% $67 / Sq Ft
08/10/2022 08/10/22 For Sale $1,199,000 -- $81 / Sq Ft
Source: MARIS MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,544 $126,626 $0 $0
2024 $9,544 $139,622 $0 $0
2023 $10,545 $139,622 $0 $0
2022 $8,987 $129,518 $0 $0
2021 $8,946 $129,518 $0 $0
2020 $7,871 $113,883 $0 $0
2019 $7,861 $113,883 $0 $0
2018 $6,600 $93,671 $0 $0
2017 $6,555 $93,671 $0 $0
2016 $6,633 $93,823 $0 $0
2015 $5,842 $84,965 $0 $0
2014 $5,742 $84,965 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS22052740

MARIS MLS

APN: 19-1-120-3-007-034300

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