Breckenridge Apartments | Mexico, MO 65265

MultiFamily / For Sale 1224 W Breckenridge Drive

$1,299,000

62 multi family units for sale in Mexico, MO. 12 1BR/1Bath, 20 2BR/1Bath, and 30 3BR/1Bath units available in this offering. The location offers close proximity to Mexico Middle School along with a multitude of local employers.

1224 W Breckenridge Drive
1224 W Breckenridge Drive
1224 W Breckenridge Drive
1224 W Breckenridge Drive
1224 W Breckenridge Drive
Below Shadow

Property Details

Price:$1,299,000
Type:MultiFamily
SQ FT:27,994

Property Description

Ownership has recently remodeled over 50% of the units and has experienced great lease up in that time. Anticipated renovation expense on the remaining units is approximately $20,000 / unit. At 90% occupied, and assuming no rent growth, the anticipated cap rate is 9.7%. This is an ideal value add opportunity for any investor.

  • 62 multi family units
  • Value Add proposition
  • Ideal 1031 investment
  • Anticipated double digit cap rate

Broker

Mel Zelenak

President

573-999-3131

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Dimensions are approximate only and not to be used for construction or permitting. This information is believed to be accurate as of the date of input; however, Maly Commercial Realty assumes no responsibility for the accuracy of the information provided.