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 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 18,866 sqft
Price per Sqft $90
MLS Listing ID MIS25003997
Year Built 1986
Lot Size 1.500 Acres
Property Sub-Type 5 Family or More
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 370 - Franklin R-16 (Franklin)
Interior
Heating Baseboard,Natural Gas
Cooling Wall Unit(s),Ceiling Fan(s)
Laundry Other
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Structure Type Stone Veneer,Brick Veneer,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
Special Listing Condition Standard