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587 Panich St 3 Unit Apartment Building $538,500 ($179,500/Unit) 8.15% Cap Rate Pleasant Hope, MO 65725
Investment Highlights
- Close to schools and parks
- In a growing town with very few rentals
- Built for a low maintance investment
Executive Summary
Discover an outstanding investment opportunity in the thriving, peaceful community of Pleasant Hope! This newly built triplex features three spacious units--each with 3 bedrooms and 2 full baths--boasting modern, open-concept layouts and premium finishes. Built with durability in mind, it also comes with a one-year builder warranty for added peace of mind. All units are fully leased, ensuring instant, steady cash flow. With a strong 8.12% CAP rate for cash buyers, you'll see excellent returns in a stable rental market. Residents enjoy small-town charm with convenient access to amenities and major routes. Whether expanding your portfolio or starting out, this triplex delivers lasting value, reliable returns, and long-term appeal. Contact the listing agent for Rent Roll and Expense details!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,800
|
$16.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,800
|
$16.00
|
| Taxes |
$3,137
|
$0.95
|
| Operating Expenses |
$5,800
|
$1.76
|
| Total Expenses |
$8,937
|
$2.71
|
| Net Operating Income |
$43,863
|
$13.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $16.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $16.00 |
| Taxes | |
|---|---|
| Annual | $3,137 |
| Annual Per SF | $0.95 |
| Operating Expenses | |
|---|---|
| Annual | $5,800 |
| Annual Per SF | $1.76 |
| Total Expenses | |
|---|---|
| Annual | $8,937 |
| Annual Per SF | $2.71 |
| Net Operating Income | |
|---|---|
| Annual | $43,863 |
| Annual Per SF | $13.29 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | $1,466 | 1,100 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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587 Panich St
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