Mary Massey
REALTOR®
BEDS0
BATHS
SQUARE FEET105,000
MLS#26038016
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSunrise Valley Madison Place Apartments
SCHOOLWashington
Property Description
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilizedStrong unit mix - 80% of units are 2 bedsProven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upsideMarket rent spread of at least $137/unit/month across non-renovated unitsHigh growth submarket - Franklin County: 4% vacancy, 2.2% annual population growthDual-asset structure: 89-unit flagship complex and 26-unit garden communityExtremely supply-constrained submarket
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall Unit(s)
Home Style: Apartment Style
Year Built: 1974
Feature Descriptions
Exterior: Brick
Parcel#: 10-7-26.0-2-011-077.001
Units: 115
Local Schools
High School: Washington High
Middle School: Washington Middle
Elementary School: South Point Elem.
School District: Washington
Listed By / Shown By
Listed By
Agency Name: Salient Realty Group, LLC
Shown By
Agent Name: Mary Massey
Agent Phone: 314.566.3982
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 60,267.98 per month $57,205.48 Principal & Interest $0.00 Property Tax (data not provided by mls) $3,062.50 Homeowner's InsuranceChange Payment Information
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1027 Caroline Drive | MLS# 26038016
This multi-family property located at 1027 Caroline Drive , Washington, MO 63090 is currently listed for sale with an asking price of $10,500,000. Caroline Drive is located within the Washington school district. Search Washington real estate on www.marymasseystl.com today.