125 Crescent Lake RD Active Save Request In-Person Tour Request Virtual Tour
St Clair,MO 63077
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 18,866 sqft
Price per Sqft $90
MLS Listing ID 25003997
Year Built 1986
Building Age 39
Lot Size 1.500 Acres
Property Sub-Type Multi-Family 5+
Property Description
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
State MO
County Franklin
Area Franklin R-16 (Franklin)
Interior
Heating Baseboard
Cooling Wall Unit(s),Ceiling Fan(s)
Laundry Coin Operated
Building
Sewer Public Sewer
Water Public
Structure Type Brk/Stn Veneer Frnt,Vinyl Siding
Schools
Elementary Schools St. Clair Elem.
Middle Schools St. Clair Jr. High
High Schools St. Clair High
School District St. Clair R-Xiii
Others
Acceptable Financing Cash Only,Conventional,Private
Listing Terms Cash Only,Conventional,Private
Special Listing Condition None