$1,700,000
bedrooms
0
bathrooms
0
square feet
18,866
Acreage
1.5
Open Houses
-
year built
1986
Full Baths
0
Half Baths
0
This 24-unit apartment complex is located in the heart of St. Clair in Franklin County situated near I-44, Gravois, and plenty of shopping and other amenities,. It features two well-maintained buildings constructed in 1986, offering a total of 18,886 square feet of revenue-generating potential. Unit mix is 8 1-bed/1-bath (567 sf) and 16 2-bed/1-bath units (714 sf). About 50% have been updated with LVP flooring and stainless appliances; others with carpet/vinyl flooring and mixed appliances provide value-add opportunity. Property features newer vinyl windows, exterior entrance, electric water heaters, circuit breaker panels, and 48 parking spaces. Coin-operated laundry facility generates $290/month (included in income). Gross income = 187,584, expenses = 45,884, and NOI = 141,700 - a 8.33% cap rate at asking price.
With its location, updates, 100% occupancy, and NOI, this property has plenty to offer. Ask your agent/broker for the financials located in the supplements.
Location | |
Subdivision | none |
County | Franklin |
Elementary School | St. Clair Elem. |
Middle School | St. Clair Jr. High |
High School | St. Clair High |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 25003997
Listing agent:
Tammy Derrigan
#2016008170
Listing broker:
Worth Clark, Inc.
(800) 991-6092
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Sunday, January 26 2025 at 3:18 p.m. EST
Kotohomes National
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