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Kim Banovz

kim@cisler.com +1(618) 670-1910

$ 1,700,000

Est. payment -/mo

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Active

125 Crescent Lake RD St Clair, MO 63077

18,866 SqFt

UPDATED:

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 25003997

Style Low/1-2

Year Built 1986

Annual Tax Amount $12,413

Lot Size 1.500 Acres

Acres 1.5

Lot Dimensions IRR

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)

Fireplace N

Appliance Gas Water Heater

Laundry Other

Exterior

Parking Features false

View Y/N No

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

Ownership Private

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition Standard

Listed by Tammy Derrigan • Worth Clark Realty

Kim Banovz

Broker | License ID: 475.209182

+1(618) 670-1910

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