For Sale For Rent
Advertise
bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
18,866
acreage
Acreage
1.5
open houses
Open Houses
-
year built
year built
1986
full baths
Full Baths
0
half baths
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
open houses Open houses
None scheduled.
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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
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