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Tracey Miller - Realtor @ Vylla Home
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FOR SALE by Tracey 63701 logo

    Property Description
    Back on the market with 95% occupancy and a highly motivated Seller, Sunshine Apartments presents an exceptional chance to acquire a fully renovated, income-generating 40-unit apartment complex YEAR ONE! Future-proofed interiors featuring granite countertops, full appliance packages, and durable LPV flooring. Electric sleeve units for heating and cooling, paired with instant propane-powered hot water heaters. Solar panels supply approximately 50% of the property’s electricity needs. Majority of units benefit from well water access. These eco-friendly systems significantly reduce operating expenses, ensuring higher ROI and long-term value. Current rents include utilities, laundry, and internet. By implementing a $30/month utility surcharge, boosting annual income by $14,400, totaling cash flow to $78,806 annually. Offered at an 8.4% cap rate with a 7.5% cash-on-cash return. 80% LTV with a 1.29 DSCR—an unparalleled opportunity in today’s market.
    Features
    : Dual
    : Electric
    : Common Laundry
    : Space/unit - 1
    Address Map
    US
    MO
    St Francois
    Bonne Terre
    63628
    St Francois
    Raider
    7036
    Road
    0
    W91° 28' 51.7''
    N37° 54' 21.2''
    Hwy 67 to Orchard Rd
    St. Francois County
    Additional Information
    Apartment Advisors of America
    : Some Balc/some Terrc
    $0
    : Brick
    0
    North County Parkside Elem.
    North Co. Sr. High
    North Co. Middle
    06-40-19-00-000-0019.02
    : Public Sewer
    : None, Renovated
    Cedartown
    $7,293
    2024
    Walkscore

    Commercial Sale For Sale

    7036 Raider Road, Bonne Terre, Missouri 63628

    0 Bedrooms
    0 Bathrooms
    0 Sqft
    Visits : 18 in 9 days
    $3,500,000
    Listing ID #MAR24076517
    Basic Details
    Property Type : Commercial Sale
    Listing Type : For Sale
    Listing ID : MAR24076517
    Price : $3,500,000
    Bedrooms : 0
    Rooms : 0
    Bathrooms : 0
    Half Bathrooms : 0
    Year Built : 1968
    Lot Area : 0 Sqft
    Lot Size Dimensions : 243x272
    Property Sub Type : Multi-family 5+
    Standard Status : Active
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