UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Subdivision Eagle Rdg Condos Ph 1 Bldg #16
MLS Listing ID 26012429
Style Traditional
HOA Fees $7,126/mo
Year Built 1980
Property Sub-Type 5 Family or More
Property Description
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.
Location
State IL
County St. Clair
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplace Y
Laundry Main Level
Exterior
Exterior Feature Balcony
Parking Features true
Garage Spaces 9.0
Pool Fenced, In Ground
Amenities Available Clubhouse, Common Ground, Parking, Pool
View Y/N No
Roof Type Architectural Shingle
Building
Water Public
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Ofallon Dist 90
Middle Schools Ofallon Dist 90
High Schools Ofallon
School District O Fallon Dist 90
Others
HOA Fee Include Clubhouse,Maintenance Grounds,Common Area Maintenance,Exterior Maintenance,Pool Maintenance,Management,Pool,Roof,Snow Removal
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Package