UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 98,881 sqft
Price per Sqft $30
Subdivision Cedartown
MLS Listing ID 25040077
Year Built 1968
Property Sub-Type 5 Family or More
Property Description
Future-proofed interiors featuring granite countertops, full appliance packages, and durable LPV flooring.
Electric sleeve units for heating and cooling, paired with instant propane-powered hot water heaters.
Solar panels supply approximately 50% of the property's electricity needs. Majority of units benefit from well water access.
These eco-friendly systems significantly reduce operating expenses, ensuring higher ROI and long-term value.
Current rents include utilities, laundry, and internet. By implementing a $30/month utility surcharge, boosting annual income by $14,400, totaling cash flow to $78,806 annually.
Offered at an 8.4% cap rate with a 7.5% cash-on-cash return.
80% LTV with a 1.29 DSCR—an unparalleled opportunity in today's market.
Location
State MO
County St. Francois
Area 600 - St. Francois County
Interior
Heating Dual Fuel/Off Peak, Electric
Cooling Central Air, Electric
Fireplace N
Appliance Electric Water Heater
Laundry Common Area
Exterior
Exterior Feature Balcony
Parking Features false
Building
Water Public, Well
Architectural Style Low/1-2
Structure Type Brick
Schools
Elementary Schools Intermediate School
Middle Schools North Co. Middle
High Schools North Co. Sr. High
School District North St. Francois Co. R-I
Others
Acceptable Financing 1031 Exchange, Cash, Contract
Listing Terms 1031 Exchange, Cash, Contract
Special Listing Condition Standard