801 W Walnut ST Save Request In-Person Tour Request Virtual Tour
Park Hills,MO 63601
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision St Joseph Lead Compans Sub
MLS Listing ID 25050621
Year Built 1997
Property Description
The Cedar Ridge Apartments offer an excellent opportunity for investors seeking stable cash flow, strong returns, and minimal management hassle just outside of St. Louis. This 16-unit community is spread across four well-maintained buildings in Desloge, Missouri, and is consistently fully leased and easy to operate.
The building features 2 bedroom units with in unit laundry, all the units have their own porches. The apartments also have central air with mini splits, and there are detached storage units for the apartments on site.
With significantly lower expenses for taxes, insurance, and utilities compared to similar properties in the city, this asset stands out for its efficiency and profitability. Located in unincorporated St. Francois County, the property benefits from a landlord-friendly environment with low taxes, minimal red tape with no occupancy inspections.
Projected rents of up to $1,000 per unit offer immediate income potential and long-term upside. Whether you're expanding your portfolio or looking for a low-maintenance investment, Cedar Ridge Apartments delivers dependable performance without the typical headaches.
Location
State MO
County St. Francois
Area 702 - Desloge
Interior
Cooling Central Air
Building
Structure Type Vinyl Siding
Schools
Elementary Schools North County Parkside Elem.
Middle Schools North Co. Middle
High Schools North Co. Sr. High
School District North St. Francois Co. R-I
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Standard