161-306 Eagle Ridge, Ofallon, IL 62269
Local realty services provided by:CENTURY 21 Community
161-306 Eagle Ridge,O'Fallon, IL 62269
$1,520,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kevin beck, jeff franke
Office: kunkel wittenauer group, inc
MLS#:26012429
Source:MO_MARIS
Price summary
- Price:$1,520,000
- Monthly HOA dues:$7,126
About this home
Price Improvement!!
Exceptional opportunity to acquire a fully-leased, 17-unit income-producing condominium portfolio in O'Fallon. This stabilized offering includes a diversified mix of one- and two-bedroom residences across multiple phases within Eagle Ridge Condominiums. Currently, all 17 units are occupied. Several units have been remodeled, enhancing long-term value and tenant appeal. All units feature fireplaces, and select residences offer vaulted ceilings, adding character and desirability. Residents enjoy access to a community pool and clubhouse, supporting strong occupancy and retention.
Ideally located just one block from the intersection of Highway 50 and North Greenmount Road with quick access to Interstate 64. The property is less than 20 minutes to Scott Air Force Base and under 30 minutes to downtown St. Louis, positioning it well for consistent rental demand.
HOA-managed exteriors help reduce owner maintenance responsibilities, covering exterior building maintenance with the exception of windows and doors. Many roofs, stairways, and siding sections throughout the community have recently been replaced or are currently being updated.
Portfolio discount available for full-package acquisition, with additional pricing incentives for multi-unit purchases. Ideal for 1031 exchange buyers or investors seeking scalable residential income in a stable Metro East market. Seller prefers sale of the entire portfolio; however, individual or multi-unit purchases may be considered. A portfolio discount has been applied to the full package listing price....
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Home facts
- Year built:1980
- Subdivision & Development:Eagle Rdg Condos Ph 1 Bldg #16
- Listing ID #:26012429
- Added:238 day(s) ago
- Updated:October 30, 2026 at 06:33 PM
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1980
- Architectural Style:Traditional
- Construction Materials:Brick, Vinyl Siding
Schools
- High school:OFallon
- Middle school:OFALLON DIST 90
- Elementary school:OFALLON DIST 90
Utilities
- Water:Public
Finances and disclosures
- Price:$1,520,000
Features and amenities
- Amenities:Clubhouse
- Pool features:Pool
Parking
- Total parking spaces:10
- Parking description:1 Carport Space(s)
- Garage:Yes
- Garage spaces:9
- Carport spaces:1
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