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+16366672313
Main St. Real Estate
1 Proactive Dr, New Florence, MO 63363
- $2,650,000
- Sold Price
- $2,650,000
- List Price
- $2,700,000
- Closing Date
- Apr 24, 2026
- Days on Market
- 107
- MLS#
- 26000912
- Status
- CLOSED
- Lot Size
- 127,630
- Acres
- 2.93
- Year Built
- 1982
- Subdivision
- N/A
- Municipality
- New Florence
- County
- Montgomery
- Listing Type
- Multifamily
Property Description
This well-maintained 36-unit property features 31-1beds, 4-2beds, and 1 commercial space. The asset has undergone major capital improvements in the last few years, including a new roof, new siding, and electrical upgrades, delivering true peace of mind for the next owner. With these significant updates completed, this is a low-maintenance, turnkey investment. The property is currently operating at an impressive 10% cap rate with stable operations, low vacancy, and strong cash flow. Rental demand remains consistent while the commercial space is a prime opportunity to add additional income. This asset offers both immediate and returns and future upside potential.
Additional Information
- School District
- Montgomery Co. R-II
- Elementary School
- Montgomery City Elem.
- Jr. High School
- Montgomery Co. Middle
- Sr. High School
- Montgomery Co. High
- Parking Description
- Open, Parking Lot
- Cooling
- Electric, Window/Wall
- Heating
- Electric, Forced Air
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional
Listing courtesy of James Anderson. Salient Realty Group, LLC
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Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID. 
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