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125 Crescent Lake Road, St Clair, MO 63077

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For Sale

$1,700,000

18,866 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $90.11
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

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.
MLS# 25003997

Courtesy Of Worth Clark, Inc.

(314) 222-0065

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Ceiling Fan, Security System, Security System
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick, Brick Veneer, Stone, Stone Veneer, Vinyl Siding
  • Heating System
    Baseboard
  • Lot Size
    1.5 Acres

Home seller CENTURY 21 City Connections

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 City Connections

(573) 885-2121
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