Countryside Apartments | 586 St. Mary Dr
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Countryside Apartments 586 St. Mary Dr
50 Unit Block of Flats For Sale Pilot Knob, MO 63663
Executive Summary
Countryside Apartments is the unrivaled leader in the Pilot Knob rental market, operating with little to no direct competition. With an exceptional 97% average occupancy rate sustained over the past decade, this property offers a proven track record of consistent demand and stable returns.
Located in Pilot Knob, Countryside Apartments faces little to no local competition, with the closest comparable properties situated approximately 15 miles away. This exclusivity ensures strong demand and sustained occupancy.
This turnkey asset combines strong market positioning with operational efficiency, making it a reliable performer in any investment portfolio. Don’t miss the opportunity to own a cornerstone property in a market with built-in advantages and outstanding long-term potential.
Investment Highlights
Significant Upside Potential: New lease trade-outs are achieving market rents, capitalizing on untapped opportunities from long-term ownership spanning two decades, during which rents were never aggressively pushed.
Light Value-Add Opportunity: Unlock additional revenue by converting select 2-bedroom, 2-bathroom units back to their original 1-bedroom, 1-bathroom configurations. This reversion creates six additional rentable units, enhancing overall income potential with minimal investment.
Proven Stability: With a consistent 97% average occupancy over the past decade, Countryside Apartments provides an exceptional foundation for reliable cash flow and strategic growth.
This is a rare opportunity to acquire a well-performing asset with built-in opportunities for immediate rent optimization and creative value-add enhancements.
Located in Pilot Knob, Countryside Apartments faces little to no local competition, with the closest comparable properties situated approximately 15 miles away. This exclusivity ensures strong demand and sustained occupancy.
This turnkey asset combines strong market positioning with operational efficiency, making it a reliable performer in any investment portfolio. Don’t miss the opportunity to own a cornerstone property in a market with built-in advantages and outstanding long-term potential.
Investment Highlights
Significant Upside Potential: New lease trade-outs are achieving market rents, capitalizing on untapped opportunities from long-term ownership spanning two decades, during which rents were never aggressively pushed.
Light Value-Add Opportunity: Unlock additional revenue by converting select 2-bedroom, 2-bathroom units back to their original 1-bedroom, 1-bathroom configurations. This reversion creates six additional rentable units, enhancing overall income potential with minimal investment.
Proven Stability: With a consistent 97% average occupancy over the past decade, Countryside Apartments provides an exceptional foundation for reliable cash flow and strategic growth.
This is a rare opportunity to acquire a well-performing asset with built-in opportunities for immediate rent optimization and creative value-add enhancements.
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Property Facts
| Sale Type | Investment | Lot Size | 10.00 AC |
| No. Units | 50 | Building Size | 37,662 SF |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Garden | Cross Streets | St. marys Dr |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 50 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 37,662 SF |
| Number of Floors | 1 |
| Year Built | 1985 |
| Cross Streets | St. marys Dr |
Unit Amenities
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Package Service
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 29 | - | 600 |
| 2+1 | 14 | - | 800 |
| 2+2 | 6 | - | 1,200 |
| 3+2 | 1 | - | 2,000 |
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PROPERTY TAXES
| Parcel Number | 1190300020022003S000 | Improvements Assessment | £64,617 |
| Land Assessment | £11,051 | Total Assessment | £75,668 |
PROPERTY TAXES
Parcel Number
1190300020022003S000
Land Assessment
£11,051
Improvements Assessment
£64,617
Total Assessment
£75,668
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
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Countryside Apartments | 586 St. Mary Dr
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