14899 Hwy C

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14899 Hwy C

Versailles, MO 65084
Asking Price
$649K
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site located at 14899 Hwy C in Versailles
  • Three-acre parcel currently available for residential land development
  • Asset is specifically zoned for an apartment building project
  • Asking price for this Missouri site is 649000 dollars
  • Location provides accessibility within a growing rural market

What's Special

Versailles sits within a growing rural community in Missouri, offering a strategic location for residential development. This 3-acre parcel on Highway C presents a viable site for an apartment building project. The flat topography and access to major thoroughfares make the plot suitable for multi-family construction aimed at serving the local workforce and regional housing needs. Investors looking to expand their portfolio in this market will find the acreage provides sufficient space for a residential complex. Developing high-density housing in this submarket aligns with regional trends focusing on providing accessible living options for the local population. With land availability becoming a primary factor for new residential projects, this site offers a straightforward opportunity for developers to execute multi-family plans. The positioning of the property allows for efficient site planning and integration into the existing infrastructure of the Versailles area.

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NOI
$80,000
Cap Rate
12.33%
DSCR
2.08
Strong
Cash-on-Cash
21.30%
Monthly Payment
$3,210.898
Annual Cash Flow
$41,469.225

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